Westerby Group expands in South West increasing assets under administration and management to over £2 billion
Added by Love Business East Midlands | 29 July 2025
UPDATED: 29 July 2025
The Westerby Group has great pleasure in announcing today the acquisition of Bristol-based pension specialist Cabot Trustees Limited. This brings its total number of successful acquisitions in the financial sector to four since 2022.
Cabot Trustees Limited has a successful track record of over 20 years in providing trusteeship and administration to members of its Self Invested Personal Pension Schemes (SIPP).
The Westerby Group’s latest acquisition continues the company’s impressive growth, which has been realised as part of the business’s strategy of acquiring additional financial service businesses without the need for external third-party funding.
This means that the Westerby Group now has over £2 billion assets under administration and management. The deal also expands Westerby’s reach further across England, with offices now based in Bristol, Weymouth and Manchester, in addition to the group’s original two sites in Westerby’s home city of Leicester.
Stephen Harvey, group managing director of Westerby comments:
“We're delighted to welcome the staff and clients from Cabot Trustees Limited. This acquisition further strengthens our expertise in the financial services market. It also establishes us as uniquely positioned to work with individuals heading for retirement to ensure their financial planning is set up to maximise the potential of any assets.”
Nick Perris, founder and managing director of Cabot Trustees Limited was determined to seek a company he could trust to offer the highest levels of ongoing service to Cabot’s clients, as well as maintaining the in-house technical support they have benefitted from.
He comments:
“By integrating Cabot’s portfolio into the Westerby brand, we’re confident that our valued clients will continue to receive the excellent service they have come to expect from us, with the added bonus of continuing their established relationships with the Cabot Trustees Limited team in Bristol.”
In April this year, the Westerby Group transformed its corporate structure into an Employment Ownership Trust (EOT) with Chairman and founder Les McLintic transferring all the company’s ordinary voting shares into the trust. This dynamic change in how the company operates within the financial services industry means its employees are now potential beneficiaries of any future profits.
Having successfully negotiated and completed this latest acquisition for Westerby, Les McLintic is now eagerly pursuing further acquisitions with the objective of gaining an even greater market share within the financial services sector.
“We will be celebrating 40 years of successful trading with our Ruby Anniversary in January 2026,” adds Les McLintic. “This latest acquisition both reinforces and elevates our position as Independent Advisers and SIPP/SSAS Trustees and Administrators, ensuring that we continue to offer both current and new clients a fully comprehensive high level of service.”
Authorised and regulated by the Financial Conduct Authority, the Westerby Group consists of three companies. Westerby Investment Management Ltd, established in 1986, is a provider of specialist financial, taxation and independent investment advice. Westerby Trustees Services Ltd was established ten years later, offering expertise in the trusteeship and administration of SIPPs, whilst Westerby Pension Administration Ltd specialises in the trusteeship and administration of Small Self-Administered Schemes (SSAS).
