The Directors consider that, starting from its existing market position, the Company can benefit from a new phase of acquisition opportunities within its markets and that the admission to AIM, with its higher profile and easier access to capital, will facilitate this process, which will be pursued together with the continued organic growth of the business.

The Group has tried to differentiate itself in the market place by focusing on the provision of core wealth management services. The Directors have developed the Company to a point where it has expertise in every area of traditional wealth management with the exception of banking and general insurance. The purpose of this is to be able to offer clients an all encompassing service with an ability to advise on any aspect of investment, financial planning or savings that the client may require. A focus on client service at a relatively competitive price structure has also helped the Company differentiate itself from much of the competition.

As the financial services sector becomes more highly regulated and greater emphasis is placed upon tax planning the Directors believe the ability to combine high quality independent financial planning with institutional style investment management will place the Ashcourt Group in a strong position.

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