Pointon York confirms sale plan
Pensions specialist Pointon York has confirmed plans to start a formal sale process after receiving "several confidential approaches" for the Market Harborough-based business.
The self-invested personal pensions specialist said it "intends to undertake a formal sale process in order to seek potential offerors for the entire issued and to be issued share capital of the company".
The board said it is now inviting interested parties for the business to contact corporate finance adviser Quayle Munro if they want to buy the company.
Pointon York said those involved in the formal sale process will not be required to be publicly identified for the moment and any interested parties would be required to enter into a non-disclosure agreement with the company as part of the process.
The sale process comes after deputy chairman Howard Barrett recently stepped down from the company.
Pointon York has been in business since 1971. It states that the business has assets under administration worth £840m.
