Mattioli Woods plc, the specialist pensions consultancy, intends to seek admission of its shares to trading on the AIM Market (“AIM”) of the London Stock Exchange. Dealings are expected to commence on AIM in November 2005.
Established in 1991 by Ian Mattioli and Bob Woods, the Company provides pensions consultancy and administration services primarily to owner-managers, senior executives and professionals. The Company’s key activities include pensions consultancy, the provision of self-invested personal pensions (“SIPP”) and small self-administered pension schemes (“SSAS”), advice on related business affairs, including pension investment services and the facilitation and administration of syndicated property schemes. Its focus is at the higher end of the market where clients require bespoke service and specialist advice.
Commenting on the decision to float on AIM, Bob Woods, Executive Chairman of Mattioli Woods, said: “The Company has a proven business model based on a culture of client service and innovation. Our admission to AIM will enable Mattioli Woods to build on its strong reputation in the pensions consultancy market, further incentivise the management team and continue to grow the business through increasing market share, both organically and by acquisition.
“The Government’s new pensions simplification “A Day” legislation, due to take effect in April 2006, is already providing a significant boost to the SIPP market in particular. We believe that this will underpin continuing strong growth for the foreseeable future.
“The UK pensions consultancy is highly fragmented and would benefit from consolidation. The Company post listing will also be seeking to make suitable acquisitions within the industry which would be complementary to our existing business and prospects.”
Williams de Broe Plc is acting as Nominated Adviser and as Broker to the Company.