RCS - Frenkel Topping Grp - FEN Announces Joint Venture with Lime Solicitors

Frenkel ToppingAnnouncement

31/07/2023 07:00

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RNS Number : 6278H  Frenkel Topping Group PLC  31 July 2023

31 July 2023

RNS REACH

Frenkel Topping Group plc

("Frenkel Topping" or the "Company" or the "Group")

Frenkel Topping Partnership Programme Grows with Lime Solicitors Joint Venture

 

Frenkel Topping Group plc (AIM: FEN), a specialist professional and financial
services firm operating in the Personal Injury (PI) and Clinical Negligence
(CN) space, is pleased to announce it has extended its 'Working in
Partnership' programme with a 50:50 joint venture (JV) between its IFA arm and
Lime Solicitors ("Lime"), reaching double digits in partner firms and
expanding its work with the country's top-tier law firms.

The Group's 'Working in Partnership' programme has nurtured strong
relationships in recent years with law firms who share the focus on 'the whole
client' and recognise the importance of collaboration between key services and
all affected parties after a life-changing injury. The Group now has 10 JVs
with leading law firms. Over the financial year ending 31December 2022 the
total AUM added from Frenkel Topping's JV partners was £32.7m which
represents c.25% of total AUM added during the year. Mutually beneficial JVs
is a core component of Frenkel Toppings five year growth strategy and the
Company continues to work on further similar opportunities.

The joint venture sees Lime Solicitors, ranked in the Chambers Guide to the
legal profession and in the Legal 500 as experts in their field, join with
Frenkel Topping's independent financial advice division, to provide services
under the trading name Lime Wealth Management Limited.

 

Part of Shakespeare Martineau LLP, one of the 55 largest law firms in the
country, Lime operates nationwide and specialises in personal injury, medical
negligence inheritance disputes, power of attorney and deputy disputes and
professional negligence issues.

 

Two senior partners at Lime, Tony Hannington and Mark Beesley will act as
directors of the JV company alongside Chief Operating Officer, Mark Holt and
Chief Financial Officer, Elaine Cullen-Grant from Frenkel Topping.

With the aim of delivering both a seamless legal and financial advice journey
to clients involved in litigation after serious injury, the new joint venture
combines the two firms' skills and resources in the specialist area of
professional services.

Lime Solicitors is the latest partnership in Frenkel Topping's strategy to
strengthen relationships with likeminded firms in the PI Injury and CN space
and to help introduce Assets Under Management to the Group via its
discretionary fund manager (DFM), Ascencia Investment Management.

 

Mark Holt, Chief Operating Officer of Frenkel Topping Group, said:

"We have partnered with one of the most high calibre firms in our field in our
tenth joint venture with Lime. Tony and his team have an incredible amount of
expertise and experience and understand the real impact of significant injury
on daily life.

 

"Our Working in Partnership programme is designed to create alliances between
Frenkel Topping and stand out firms in the Personal Injury and Clinical
Negligence space who share the same ethos and a mutual drive to achieve the
right outcomes in litigation and beyond settlement. Our partnership with Lime
is another fantastic example of how complementary joint ventures work to the
client's benefit."

Tony Hannington, Head of Lime Solicitors, said:

"Not only is it hugely important to us that our clients receive the best
rehabilitative care through trusted health care providers, but it's also
crucial they are supported by the best financial planning advice. Many of our
clients are not experienced in investing or managing large sums of money which
are often required to fund significant future care costs for the rest of their
lives and it can be a daunting prospect as they consider their future,
following an accident or injury that wasn't their fault.

 

"Lime have signposted clients for such specialist advice for a number of years
and after discussions with Frenkel Topping over several months, we knew that
they were the right business for us to join forces and bring our respective
strengths together for the benefit of our clients."

 

Richard Fraser, CEO of Frenkel Topping, said:

"As part of our strategy to grow our core business, Frenkel Topping Limited,
we are formalising our relationships with high calibre firms, like Lime
Solicitors, who share our client-first mentality. Joint ventures like this one
expand our network of new business referrers and demonstrate our commitment to
innovate and enhance our services, firstly to benefit our clients and then to
support our objective to increase shareholder value."

 finnCap Ltd                                                    Tel: 020 7220 0500
 Carl Holmes/Abigail Kelly/Milesh Hindocha (Corporate Finance)

 Tim Redfern / Charlotte Sutcliffe (ECM)

 

About Frenkel Topping Group

The Frenkel Topping Group of companies specialises in providing financial
advice and asset protection services to clients at times of financial
vulnerability, with particular expertise in the field of personal injury (PI)
and clinical negligence (CN).

For more than 30 years the Group has worked with legal professionals and
injured clients themselves to provide pre-settlement, at-settlement and
post-settlement services to help achieve the best long-term outcomes for
clients after injury. It boasts a client retention rate of 99%.

Frenkel Topping Group is focused on consolidating the fragmented PI and CN
space in order to provide the most comprehensive suite of services to clients
and deliver a best-in-class service offering from immediately after injury or
illness and for the rest of their lives.

The Group's services include the Major Trauma Signposting Partnership service
inside NHS Major Trauma Centres, expert witness, costs, tax and forensic
accountancy, independent financial advice, investment management, and care and
case management.

The Group's discretionary fund manager, Ascencia, manages financial
portfolios for clients in unique circumstances, often who have received a
financial settlement after litigation. In recent years Ascencia has
diversified its portfolios to include a Sharia-law-compliant portfolio and a
number of ESG portfolios in response to increased interest in socially
responsible investing (SRI).

Frenkel Topping has earned a reputation for commercial astuteness underpinned
by a strong moral obligation to its clients, employees and wider society, with
a continued focus on its Environmental, Social and Governance (ESG) impact.

For more information visit:      www.frenkeltoppinggroup.co.uk
(https://protect-eu.mimecast.com/s/WNCMCR1EKSxDwoTNKWD-?domain=frenkeltoppinggroup.co.uk)

 

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