Old Mill, the financial planners and accountants based in Wells, is hitting high gear in its ambitious expansion plan, announcing the acquisition of Quro Financial Solutions, a firm specialising in commercial property pensions.

This strategic acquisition comes hot on the heels of Old Mill's successful takeover of Brook Financial in June 2022, as part of an astute growth strategy. The plan aims to catapult Old Mill to double its size by 2026.

Launched in 2011 by Matt and Bren Johnson, Quro Financial Solutions was born out of a clear market need for specialised pension advice for owners interested in acquiring commercial property. The firm has since solidified its reputation as an expert in leveraging SIPP (Self Invested Personal Pensions) and SSAS (Small-Self Administered Schemes) to facilitate commercial property investments for individuals and businesses.

Matt describes the decision to retire as a challenging one, "When you're so personally invested in your clients' success, finding the right home for your business is crucial."

As they searched for a prospective buyer, one name was recurrent: Old Mill. After meeting with Kevin Whitmarsh, CEO of Old Mill, they were reassured they had found the right match.

Thrilled with the acquisition, Bren said, "We've poured our heart into Quro, and it's incredibly rewarding to know it will continue to thrive as part of Old Mill."

Kevin Whitmarsh was equally enthusiastic about the acquisition, describing Quro as "a rapidly growing specialist business with an impressive growth record and an excellent client base," which would be a valuable addition to the Old Mill family.