Orchard Financial Management Joins Newcastle Financial Advisers to Expand Client Base

Deal News | Apr 10, 2025 | B Daily

Orchard Financial Management Joins Newcastle Financial Advisers to Expand Client Base

Newcastle Financial Advisers Limited, a subsidiary of Newcastle Building Society, has expanded its customer base following the acquisition of County Durham-based Orchard Financial Management. This acquisition will bring an additional 200 customers into Newcastle Financial Adviser's network, allowing them access to face-to-face financial advice through 32 branches in the North East, Cumbria, and North Yorkshire. Founded by Graeme Leigh in 1998, Orchard Financial Management will integrate into Newcastle Financial Advisers as both Graeme and his wife Michele retire. Graeme expressed his confidence in Newcastle Financial Advisers as the right partner for maintaining the trust and care of his clients. Iain Lightfoot, managing director of Newcastle Financial Advisers, highlighted the alignment in customer-centric values between the two firms, ensuring a seamless transition for Orchard's clients.

Sectors

  • Financial Services
  • Mergers and Acquisitions

Geography

  • United Kingdom – The article covers the acquisition within the UK, specifically impacting regions such as County Durham, North East, Cumbria, and North Yorkshire.

Industry

  • Financial Services – The article pertains to the acquisition within the financial advisory sector, where Newcastle Financial Advisers enhances its services by acquiring a firm within the same industry.
  • Mergers and Acquisitions – The article discusses a takeover deal and integration of businesses within the financial advisory space.

Financials

  • 200 – The number of new customers added to Newcastle Financial Advisers' client base through the acquisition.

Participants

NameRoleTypeDescription
Newcastle Financial Advisers LimitedAcquirerCompanyA subsidiary of Newcastle Building Society, expanding its customer base and service reach through acquisition.
Orchard Financial ManagementTarget CompanyCompanyA financial management firm based in County Durham, founded by Graeme Leigh.
Graeme LeighFormer OwnerPersonFounder of Orchard Financial Management, retiring post-acquisition.
Michele LeighFormer Co-ownerPersonCo-owner of Orchard Financial Management, retiring alongside Graeme Leigh.
Iain LightfootManaging DirectorPersonManaging director of Newcastle Financial Advisers, overseeing the integration process.