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Mar 2022

Last Updated: 28/02/2022

Business

Harrogate's Cardale Asset Management acquired by London firm

by John Plummer

| 01 Mar, 2022

Cardale Asset Management, which is based at Cardale Park in Harrogate, has agreed a deal to be acquired by London firm Titan Wealth Holdings. LHL Group appoints a director and Ripon Farm Services wins an award.

Cardale Asset Management has agreed a deal to be acquired by London firm Titan Wealth Holdings.

The company, which is based at Cardale Park, provides portfolio management, stockbroking and financial planning services.

Cardale was launched in 2003 and now has £1.5bn in assets under management, which it manages for approximately 3,500 clients. The company employs about 70 people.

The firm reported a turnover of £16m for the 2021 financial year.

James Kaberry and Andrew Fearon, joint chief executives of Titan Wealth, said in a statement:

"We are delighted to welcome the team at Cardale to Titan Wealth. Cardale is a highly profitable and well-respected business with a focused and proven investment process that consistently delivers outperformance to its client portfolios."

LHL Group promotes Daniel Bower to director

Yorkshire property consultants LHL Group, which has an office in Harrogate, has appointed building surveyor Daniel Bower as a director.

Mr Bower joined LHL Group in 2014 and became an associate director in 2019. His work includes project management, employer’s agent and contract administration for new build and refurbishment schemes as well as traditional commercial and residential property building surveys and dilapidations work.

He said:

“After almost eight years with LHL Group, I’m delighted to be joining managing director, Richard Hampshire and director, Shaun Bennett, on the board and supporting the wider management and development of the business in a highly competitive climate.”

Dealer award for Ripon Farm Services

Ripon Farm Services has been awarded the UK Dealer of the Year Award for 2021 by Italian sprayer manufacturer Mazzotti. The award recognises overall performance and dedication to the brand.

Vincenzo Gasperi, export manager for Mazzotti, gave the award during a recent visit to the farm machinery company, which is based in Ripon and has 12 branches in Yorkshire, Lincolnshire, Nottinghamshire and Teesside.

Richard Simpson, commercial director of Ripon Farm Services, said: “We’ve put a lot of effort into launching the sprayers, not only to demonstrate the benefits of these machines, but also to support the customers with what is, after all, a new brand in the UK market."

Do you have any business news for the Harrogate district? We want to hear about your senior appointments, awards and acquisitions, and anything else business-related. Email us at contact@thestrayferret.co.uk.