The deal was brokered by PMD Business Finance, a successful brokerage based out of Oldham, and who played a key role in the successful outcome of the MBO.
Lots of people have heard something about captives, they see their premiums rise by a multiple of five or six, and they think about a captive looking for a short-term benefit, to allow them to cope with the vagaries of the insurance market.
“This is often by investing in research and development to improve existing products, enlarging the sales team, or expanding internationally.”
There are no areas of London where sales numbers have overtaken 2019’s full-year figures yet, but end-of-the-tube-line Upminster is the strongest market, with sales agreed up 42% so far this year on the same period last year.
Richard de Groot, the group’s investment committee chair, expects a slow economic recovery ‘at best’.