National advice firm Towry is reconsidering a plan to float on the stockmarket, with insiders valuing the company at up to £800m.
In 2013 Towry put its listing on ice after raising enough money through private investors, but has made a flurry of acquisitions since then.
Private equity backer Palamon Capital Partners has met with its advisers in recent weeks to discuss a float, the Sunday Times reports.
City analysts put a listing at between £600m and £800m.
Palamon has expanded the firm through acquisition, mostly recently in the takeover of wealth manager Ashcourt Rowan for £120m in March.
Former Prudential UK chief Rob Devey was appointed chief executive in April 2014, replacing Andrew Fisher after eight years in the role.
Revenues grew 10.8 per cent to a record £91.3m over 2014, however pre-tax profits were down 56 per cent, from £9.8m to £4.3m year-on-year, Towry’s annual report showed.
The firm employs 750, of which around 180 are advisers, and has 25,000 clients. All staff members are given shares in the firm “shortly after joining”.