Team to buy stockbroker and wealth manager Hedley for GBP3 million

Team PLC on Monday said it will acquire Hedley & Co Stockbrokers Ltd, as it is building a broader wealth management business.

The Jersey-based wealth, asset management and financial services firm said the acquisition of the Lancashire, England-based wealth management and stockbroking firm is for £3.0 million, to be settled in cash and new Team shares.

Hedley for the financial year ended August 31, 2025 had reported revenue of £2.1 million, pretax profit of £600,000 and net assets of £770,000.

Team said it is building a broader and increasingly profitable wealth management business which brings together financial advice, investment management and its wider capabilities.

"The acquisition also adds significantly to Team's presence in the UK, particularly in the north west, bringing experienced people, long-standing client relationships and further scale to the group," Team said.

Team Executive Chair Mark Clubb said: "This is an important acquisition for Team. Hedley & Co is a consistently profitable and extremely well-managed business, with a strong record of robust financial management, excellent client outcomes and well-established compliance processes and procedures. These are exactly the qualities we look for in businesses joining Team."

The long-stop date for the acquisition is March 31 next year.

Team shares were 1.7% higher at 14.75 pence each on Monday noon in London.

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