Flint Bishop

SIPP purchase provides a flavour of the property market

Pictured above: Angela South, MD of Expat Pensions and Magna Wealth Management, Mark Lee of Lodders Solicitors, James Ironmonger of Bigwood and Andy Skinner, MD of ASAP PR

 

Evidence that a recovery in the commercial property market is likely to be led by the small to medium business sector comes with the purchase of Warwickshire offices by husband and wife business team Andy Skinner and Angela South.

The newly-weds capped off a busy 2010 by purchasing offices at Croft Court, Croft Lane in leafy Temple Grafton near Alcester in Warwickshire.

They have moved their business interests, ASAP PR, Expat Pensions and Magna Wealth Management into the office complex just off the A46.

Andy Skinner said: "Given the state of the property market we reckoned that it was a good time to buy and started looking in early September 2010. The old cliché that vendor expectations remain optimistic proved true and it wasn't until we saw Croft Court in December that we found somewhere that fitted the bill."

They were introduced to Croft Court by James Ironmonger of Bigwood Chartered Surveyors & Auctioneers and legal advice was provided by Mark Lee of Lodders Solicitors, both firms in Stratford-upon-Avon and both clients of ASAP PR.

The purchase was made possible through a Self Invested Personal Pension (SIPP) provided by Brooklands Pensions with banking facilities provided by Brown Shipley Private Banking.

ASAP PR is the long established press relations consultancy set up by former Business Report owner and editor Andy Skinner which now includes ex-Birmingham Post business editor John Duckers among its staff.

It numbers the Institute of Directors West Midlands, Business Voice West Midlands, a host of professional firms including law firms, accountants, property agents and developers and some of the region's best known individuals among its clients.

Expat Pensions was founded by offshore pensions expert Angela South in 2007 and incorporated as Expat Pension Providers Ltd in February 2010. The business has seen phenomenal growth in the past 12 months, moving from one full and one part time employee to eight full and part staff to service its expanding client list.

Expat Pensions advises ex-UK citizens who now live abroad on the benefits they may find in using Qualifying Recognised Overseas Pension Schemes (QROPS) and Qualifying Non-UK Pension Schemes (QNUPS).

The business is regulated by the Financial Services Authority in the UK and sets very high compliance standards.

Angela South said: "We have built an extensive network of offices and introducers across Spain, France and Cyprus and have worked hard to provide our clients with the quality of advice and reassurance that they would expect if they were seeing us as UK clients.

"The business has grown dramatically as our reputation for quality advice has spread, not only through our advertising in the Mediterranean editions of UK national press but also local radio and events such as seminars and over 50s exhibitions."

The couple are also launching Magna Wealth Management as their UK brand following increasing interest from the West Midlands business and professional community in an independent source of financial and investment advice.

Angela South said: "Our experience originates in the UK financial services market and increasingly our friends in the business and media community are coming to us for advice on issues ranging from property purchases via a SIPP, which we have just completed in double quick time for ourselves, pension splitting in divorce and for an independent appraisal of company pension schemes - particularly focusing on the onset of NESTs - the National Employee Savings Trusts  - which are coming into operation for larger companies over the next 20 months to October 2012.

"This is an area we see growing rapidly in 2011 now we have established Magna Wealth Management as our UK brand."

 

 

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Article published by Midlands Business News on 1 April, 2011

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