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Thomson&#39s seeking more buys and high achievers before floating by 2003

Acquisitive national IFA Thomson&#39s Group has revealed it will be making

fur- ther buys in the run-up to a stockmarket flotation of the company

within the next three years.

It recently snapped up IFA Redcliffe Associates and hopes to announce

another acquisition by the end of July upon successful completion of talks

already in progress.

In an interview with Money Marketing, Thomson&#39s chief executive Douglas

Gardner unveiled plans to set up a special division for “high achievers”

who he aims to entice with the prospect of the float and an attractive

package.

He is also inviting “single-sited IFAs” and “good regional players” to

come on board.

Thomson&#39s is keen to acquire an operation in Birmingham, where is does not

have an office.

Gardner also revealed that it was in the bidding for national IFA Hambro

Fraser Smith but Towry Law won out in the end.

The deal with Redcliffe means that Thomson&#39s now has a turnover of £15m

and 100 registered individuals giving nationwide coverage .

Gardner says: “We hope that high achievers will come along for the ride.

We will be offering them capital assets. Since the Redcliffe acquisition,

two more RIs have already come on board.”

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