Fintel has completed the purchase of Rayner Spencer Mills Research (RSMR) for an initial net cash consideration of £5.2m.
In a trading update for the year ended 31 December 2024, the firm said the expected EBITDA contribution for 2025 is around £500,000.
The transaction involved Benchmark Capital, a fully-owned subsidiary of Schroders, selling all of its 49% stake in RSMR.
On 16 July 2024, the company announced a conditional agreement to acquire 70% of UK-based investment research and ratings agency RSMR.
The remaining 30%, owned by management, will be acquired over the following 24 months, subject to price and performance.
Regulatory approval was granted in late December 2024, and the acquisition was successfully completed on 7 January 2025.
In its update, Fintel said its focus has been on acquisition integration and delivering revenue synergies to drive medium-term organic growth.
It made four strategic acquisitions and investments completed, supporting its strategy of adding scale, IP and quality data sets to consolidate a fragmented technology market.
The deals were: Threesixty Services in July 2024; ifaDASH in March 2024; and Owen James and Synaptic Software in January 2024.
Fintel said the backdrop “remains positive”, underpinned by the “dynamic structural market shifts” in UK financial services.
This, together with its recent acquisitions, positions Fintel “strongly” for sustained organic growth going forward.
The increase in employer’s National Insurance contributions announced in the Budget will add a forecasted additional cost of £650,000 in the coming year.
Fintel said it would make the “necessary steps” to absorb this cost without negatively impacting earnings.
Joint chief executive Matt Timmins said the business is confident of delivering further progress in the year ahead.
He added: “Our extensive platform positions us strongly to capitalise on the multiple growth opportunities available in a fragmented retail financial services market.”
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