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Hornbuckle to close Cheshire office; 35 jobs at risk

Hornbuckle 700
Left to right: Hornbuckle chief executive Phil Smith and senior executive David White

Hornbuckle Mitchell is closing its Cheshire office, putting 35 jobs at risk.

The pensions administrator says the decision was made following a review of its geographic footprint in the UK. The office will close in May.

Hornbuckle will retain its offices in Edinburgh and Leicester and is also considering opening a new office in London.

Hornbuckle Mitchell senior executive David White says: “We will be closing the Cheshire office by the end of May but all staff affected by this decision have been offered relocation to Leicester.

“If they do not wish to do that then we will go through the redundancy process with them.

“We will be setting up a specific team in Leicester to take on administration of the schemes which were previously run from our Cheshire office.”

Hornbuckle recently confirmed two private investors, Phil Smith and Richard Wohanka, had bought a 60 per cent stake in the business.

White says plans to close the Cheshire office were already in place before Smith and Wohanka joined the firm.

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Comments

There are 6 comments at the moment, we would love to hear your opinion too.

  1. I love how companies always offer ‘relocation’ to offices that aren’t exactly around the corner to the staff.

    I hope that northern based IFAs note that Hornbuckle obviously don’t value their business.

  2. Sean his does not men they do not value their “nothern business ” at all. All providers have shut small outlying branches in recent years ,how many other SIPP providers have regional offices? Not James Hay,Suffolk Life,AJ Bell,Dentons,Curtis Banks or any other major Sipp provider I know of ,its not economical any more, sadly! The large insurers have all done this as margins have fallen,its nothing against the north,just sensible re structuring.

  3. Oh Sean can you name me oen major or minor SIPP provider ,never mind large insurers who still have regional offices as they did 20 years ago? Last time I looked James Hay AJ Bell ,Suffolk Life ,ATS,Dentons and Curtis Banks did not have regional offices serving IFA’s in the ‘North’ either.This has nothing to do valueing northern IFA’s business,its just business.

  4. Rowanmoor have an office in Bolton and a head office in Salisbury – does that count?

  5. Before we all jump all over Sean, it does say in the article above that they are closing an office in Cheshire and (albeit considering) opening an office in London. I doubt with rent etc in London this would be cutting margins. This company also shut its previous London office only a couple of years ago, to cut costs.

  6. On the subject of having regional offices, Barnet Waddingham have 5 offices which administer SIPP/ SSAS. They value custom in all areas including the most rural and remotest parts of the UK.

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