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Deal Opportunities.co.uk

the UK marketplace for company sales

Chartered insurance broker

Reference
S7331
Turnover
£1m to £2m
Sector(s)
Miscellaneous, Professional & financial
Region(s)
UK Wide
Added
17 November 2020

Business description

The company is an independent chartered insurance broker, priding itself on providing bespoke advice for clients throughout the UK.
As an expert in commercial insurance, the business has access to the UK’s leading insurance markets, enabling it to provide tailored solutions which meet its clients’ requirements.
The company offers general commercial, private client and specialist scheme insurance products.
Our clients are offering the company for sale to facilitate continued growth under the impetus of a new owner and would be willing to provide a mutually agreeable handover period, if required.
Offers invited.

Highlights

  • Holds chartered status with the Chartered Insurance Institute and are members of the British Insurance Brokers’ Association. 
  • All clients provide reliable, repeat business on an ongoing basis.
  • Maintains strong, long-standing client relationships, several of which now span over 14 years. 
  • Business agreements are in place with a number of blue-chip insurers and specialist providers. 
  • Operates from leasehold premises in Northern England and strategic satellite sites. 
  • Developed a diverse, multi-skilled team of individuals with a broad range of industry-recognised qualifications and certifications.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 1,221 439
2018 (Actual) 1,280 367
2019 (Actual) 1,368 415
2020 (Actual) 1,570 612
2021 (Forecast) 1,811 804
  • Turnover of £1.5m in YE20 with an adjusted EBITDA of £612k.
  • Turnover and adjusted EBITDA for YE21 expected to increase to £1.8m and £804k, respectively. 
  • Gross profit margin of 97%.

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