Glasgow firm capitalises on Management Buy Out

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17/01/2018

A leading Scottish Chartered Financial Planning company has completed a Management Buy Out, supported by Clydesdale Bank.

Glasgow-based Intelligent Capital Limited, which provides a Total Wealth Management service for a range of personal and corporate clients, has been purchased by David Bremmer, Director, after the Managing Director retired from the business.

Intelligent Capital Limited is based in the city’s Morrison Street providing advice and guidance on all aspects of financial planning including tax, investment and pension advice. Employee benefits and group pension advice is also offered by the corporate division within the group.

David Bremner, Director of Intelligent Capital Limited, said: “It’s encouraging to start the new year having completed the MBO and we are looking forward to continuing to support our customers and grow the business. We are grateful for the support and assistance provided by Clydesdale Bank SME Cashflow Finance team which has made the entire process painless and we look forward to working with the team at Clydesdale Bank, who will support us as the business moves forward.”

Intelligent Capital Limited has seen its turnover increase by 25 per cent in the last three years. David joined the business in 2014, bringing his expertise within the family law market into the well-established Chartered Financial Planning practice.

Mark Young, Director, SME Cashflow Finance, at Clydesdale Bank, said: “At Clydesdale Bank, SME Cashflow Finance can enable profitable businesses, such as Intelligent Capital Limited, to implement their strategic goals through provision of innovative funding packages. Identifying suitable funding to facilitate growth, acquisition or succession within a business can at best delay or potentially prevent business owners implementing their strategic goals and curtail the evolution of the business.

“We are passionate about supporting SMEs and we have committed £2bn of new lending in 2018 and will continue to offer a bespoke and tailored service to our customers.”