Featured Brokers
CONFIDENTIAL SALE
FOR SALE
04/04/23
511146
153886 / Rightbiz
The company provides comprehensive reinsurance brokerage services for major global clients across a range of high-value markets, receiving risk from brokers and insurance companies to be placed with either Lloyd’s or international reinsurers.
Utilising a highly experienced team with a wealth of knowledge within the sector, the company prides itself on providing unparalleled, customer-focused services, striving to deliver bespoke solutions that are ideally suited for each client’s unique requirements.
The shareholders are now offering the company for sale as part of their strategy to accelerate its expansion, with access to more capital and additional investment in human resources enabling it to capitalise on all available opportunities.
Key Highlights
- The company is Lloyd’s registered, FCA approved and amongst the few elite insurance brokers than can write business with the London Syndicate.
- Operating internationally, the company predominantly works with organisations based in Asia, the Middle East and Africa.
- The company works with insurance companies and insurance brokers to provide support for organisations in a range of industries, with particular prominence in the banking, agriculture, manufacturing, marine and oil sectors.
- Highly experienced team in place, benefitting from a wealth of specialist expertise. All members of the team will remain with the business, post-sale, with the shareholders wishing to move into producing broker roles.
- Operates from centrally located leasehold premises based in London.
Financial Highlights
Turnover is on course to reach £1.9m in YE23, with an adjusted EBITDA of circa
£1.4m.
Projected turnover of £2,000,000 in YE24, increasing to £3,350,000 by YE27,
with an average adjusted EBITDA of 68%.
- At present, the company has books of business of around $10 million premium.
- The company has also recently been awarded an additional contract, valued at circa $2 million, with a new, significant client in Asia, with a premium valued at $35 million.
- The global reinsurance market reached an estimated value of $498.7 billion in 2021, and is projected to rise to $1.3 trillion by 2031, achieving a CAGR of 10.8% from 2022 onwards, presenting significant scope for further growth.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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