Surge in brokers looking to sell businesses - Chase Templeton

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Chase Templeton has reported an increase in the number of brokers and intermediaries wanting to sell their businesses.

In 2014 the private medical insurance adviser consolidator completed 26 deals to expand its business, while it follows its "buy and build strategy".

Chase Templeton has already completed its first deal of 2015, buying Bristol based Best Health and has further acquisitions planned.

A "climate of uncertainty" was suggested by Chase Templeton as the reason why, with possible tax changes and the uncertainty over the outcome of the General Election.

Warren Dickson, chief executive officer at Chase Templeton, said: "Whereas in the past we would be the ones making the running, since Christmas more would-be sellers that have been calling us up."

"We took five calls alone in the first few days in the office after the festive break."

"People seem unsettled because there is a climate of uncertainty out there.

"The polls are swinging back and forth, the frequency and heat of the hyperbolic policy announcements is intensifying and speculation about what the next government may do to the tax regime increasing."

He added: "Typically people want to dispose of their businesses or books due to retirement, concern about increasing regulatory obligations or because PMI is a non-core activity. The possibility of a change to the tax regime may tip the balance for some but those will I'm sure remain the key drivers."

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