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Commercial Insurance Broker Owning Its Belfast Freehold
Belfast, County Antrim, Northern IrelandIdentity protected
Available
About this business
Trading since 2004, this broker handles commercial insurance for Northern Ireland businesses, from manufacturers and hauliers to shops and professional firms. It owns its suburban office, which is included, and employs 41 people. Turnover has fallen each year, from £6.17m to £5.35m, but adjusted EBITDA has risen to £1.56m, giving a margin near 29%, so the business now earns more from less. Net profit was £1.29m. A buyer gets a profitable, mature brokerage and its building; reversing the fall in turnover is the clear task ahead.
Key investment highlights
- Freehold office in Belfast included
- Adjusted EBITDA of £1.56m, margin near 29%
- Team of 41 across broking and claims
- Trading since 2004
Reason for sale
The family that founded it has no successor and has chosen a planned sale.
Read this before you enquire
MaterialRevenue going backwards and one client being too much of it are the two things that end most deals in due diligence. Both are shown here up front, from the figures the seller supplied.
- Revenue directionMaterial
Turnover has fallen in each of the last 5 years, most recently by -2.6%.
- 2021: baseline
- 2022 (-2.1%)
- 2023 (-3.7%)
- 2024 (-2.9%)
- 2025 (-2.8%)
- 2026 (-2.6%)
- Peak 2021 to latest 2026: -13.3%
6 years of turnover, 2021 to 2026, as supplied by the seller.
- Client concentrationNot stated
The seller has not declared what share of revenue the largest clients represent.
No declaration supplied. Client concentration cannot be derived from accounts.
EBITDA margin widened from 22.6% in 2021 to 29.1% in 2026.
These are observations from the supplied figures, not a view on whether this business is worth buying. Nothing here predicts an outcome.
Computing valuation...
What happens next
Submit an enquiry to the seller. Once they approve it, you sign a non-disclosure agreement and gain access to the information memorandum, the financials and a secure deal room with the seller.