- £1m to £2m
- Professional & financial
- UK Wide
- 10 July 2019
The company is an independent insurance broker, working closely with clients to provide an extensive range of commercial insurance solutions such as property, casualty/combined liability, commercial combined and more.
The company works in partnership with 300 UK broker partners and over 50 leading UK insurance companies to provide a comprehensive range of tailored policies.
Our client is offering the company for sale to facilitate growth of the company under the impetus of new ownership, and would be willing to remain for a handover period, post-sale.
- Serves commercial and corporate clients across a diverse range of sectors,including leisure and entertainment, chemicals, education and construction.
- Serves 800 active clients, with a strong retention rate of 84%.
- All business is annually renewable, with many larger clients in three-year arrangements with the company.
- Long-standing client relationships of over 10 years.
- Highly experienced, strong second-tier management team in place.
- Operates from 800 sq ft leasehold premises.
- Significant scope for further expansion by cross-selling additional services into its existing client base.
||Adjusted EBITDA (£'000)
- FY19 turnover of £1.15m with an EBITDA of £134k.
- Projected FY20 turnover of £1.44m with an EBITDA of £168k.
- Increase in EBITDA of 147% from FY17 to FY19.
- Projected increase of 25% from FY19 to FY20.