Pension-Led Funding Case Study 3

Pension Led-Funding Case Study 3: Robinson Rice Associates


After Starting Her Career As A Trainee Accountant With One Of The UK’s Major Accountancy Firms, Southport-Born Beverley Rice Has Come A Long Way.

She turned down the opportunity of Equity Partner status and decided to strike out on her own.

Starting with just three clients and working from her bedroom, Beverley set about the task of growing her own business.  “I enjoy growth,” she enthuses. “I want to be proactive and do something different and, by being proactive, I find I’m helping my clients to help themselves.”

Ten years on, with three offices and a thriving accountancy practice specialising in taxation, in particular shipping tax, Beverley has reached yet another career milestone. Although she already owned one of the offices, her intention had always been to purchase premises for her two other offices as she believed this was a good use of her capital.  Fate intervened when a property came up for sale next door to her rented offices. It was just a matter of securing the funds.

That's When Beverley Found Out About Pension-Led Funding

“I originally met the adviser because I thought it might be a good opportunity for my clients.  The more I heard, the more I realised this would be a great process for me,” says Beverley.  “I knew that if it all went well I could recommend it to my clients with greater integrity.”

After more detailed conversations with the team, Beverley recognised that pension-led business funding was an ideal, complementary solution to a traditional loan through her bank.  “I knew the banks would fund the main investment, but I needed the initial capital to secure the property I wanted,” explains Beverley. “For years I’ve been trying to find an alternative use for my pension which was just money sitting there doing nothing.

“I believe in getting the best use from money whatever the circumstances and I didn’t have any concerns about using my pension.  I’m not one of these “don’t touch your pension at any cost” type of people. Pension-led funding did exactly what I wanted, my only concern was whether the process would be smooth and straightforward.”

She Quickly Realised It Was Everything She Had Hoped And Was Surprised To Find Intellectual Property (IP) Value In Her Business

Because of her tax and accountancy background, the process of due diligence was straightforward for both her and the team.  She had a clear business plan, had looked carefully at her cashflow and understood the fee structure. 

Helped by the specialists, she also reassured herself that the practice could meet the repayments to her newly established SIPP for the Intellectual Property it had bought from her business.  Once satisfied, and following an independent IP valuation, the adviser completed the funding process for Beverley and delivered the funds from her SIPP to her business bank account.

“It was amazingly smooth, went really well and I would highly recommend it,” claims Beverley. Now, with the help of both pension-led funding and her bank, she is looking forward to sitting in a spacious office in her new building and planning 10 more years of business growth.

Find Out If Pension-Led Funding Could Help Your Business

If you're interested in using the money in your pension fund to support or grow your business, please get in touch using our contact form.

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