Herrington Carmichael Advise Futura Financial Services on a c£15M Re-finance with Shawbrook Bank

June 13, 2025

Herrington Carmichael’s Banking & Finance team, led by Managing Partner, Yavan Brar, has advised a consolidator of financial advisory businesses, Futura Financial Services Group, on its c.£15m re-finance with Shawbrook Bank.

Futura, based in London is an independently owned group that is focussed on creating and delivering a better future for IFA firms whose owners are looking to realise value whilst protecting their brand’s heritage and legacy. Through their acquisitions in the IFA market, they have been able to rapidly scale their advisory capabilities, create operational synergies, and deliver enhanced value to clients through a robust service offering.

After already completing 3 acquisitions this year alone, which our Financial Services specialised M&A team advised upon, the company turned to re-financing their existing lender to continue to deliver on its acquisition strategy and upward trajectory. The financing provided by Shawbrook Bank will enable Futura to continue its growth momentum, building on the progress of recent years and execute further strategic partnerships and acquisitions to strengthen its position in the IFA market.

Herrington Carmichael advised and worked alongside debt finance advisor, Dow Schofield Watts (led by Gavin Harrison) in bringing the matter to a close. We were particularly delighted to have successfully completed this transaction and to have assisted in the satisfaction of all conditions precedent within just two weeks of receiving the first drafts. Our proactive approach and close collaboration with all parties ensured that our client was able to complete the re-finance and drawdown funds in line with their objectives.

The Herrington Carmichael team was led by Managing Partner, Yavan Brar, and supported by:

Herrington Carmichael looks forward to continuing to deliver support to Paul Ollerton and the Futura Group over the coming years.

“Having worked closely with Yavan and the team for several years now, this re-finance project was particularly important for Futura – allowing us to continue with our steep growth trajectory without compromising our focus on service excellence and continual improvement. In such a fast-paced environment, it is essential for us to work with key strategic partners like Herrington Carmichael, who have a deep understanding of our business, people and aspirations”. – Paul Ollerton (CEO)

Yavan Brar

Managing Partner, Head of Corporate

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This reflects the law and market position at the date of publication and is written as a general guide. It does not contain definitive legal advice, which should be sought in relation to a specific matter.

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