Richard Rickwood acquired Homeward Legal Limited from NAHL Group Plc (AIM:NAH) for around £0.15 million on April 25, 2023. The consideration for the sale of Homeward Legal is expected to be around £150,000. Approximately £30,000 of this will be payable in cash immediately and the balance in two annual instalments. Additionally, NAHL can receive contingent consideration in each of the two years following completion, upon Homeward Legal achieving certain performance milestones. The contingent consideration will be based on a share of profits and trade debtors recovered above certain amounts. The Sale proceeds will be used for general corporate purposes. Homeward Legal has reported revenue of £1.2 million and operating profit of £0.013 million on December 31, 2022. Jeremy Porter and Vivek Bhardwaj of Allenby Capital Limited acted as financial advisor to NAHL Group.

Richard Rickwood completed the acquisition of Homeward Legal Limited from NAHL Group Plc (AIM:NAH) on April 25, 2023.