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Personal Lines Broker Serving Highland Households Online
Inverness, Highland, ScotlandIdentity protected
Available
About this business
Set up in 2023, this Inverness broker arranges car, home and caravan insurance for households across the Highlands and further afield. It has no office; its 13 staff work from home and handle quotes and renewals by phone and online. Turnover has grown each year to £1.65m and adjusted EBITDA to £365k, a margin of about 22%. Net profit was £315k. The asking price of £1.5m is below a year's turnover. The new owner inherits a sizeable book for so young a firm, with a remote team used to serving rural customers over long distances.
Key investment highlights
- Turnover up from £1.53m to £1.65m since 2023
- Margin of about 22% on adjusted EBITDA
- No premises; 13 staff work remotely
- Asking price £1.5m
Reason for sale
The owner wants to concentrate on a separate commercial property business.
Nothing flagged on the two questions buyers ask first
No flagRevenue 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 directionNo flag
Turnover is flat year on year.
- 2023: baseline
- 2024 (+2.3%)
- 2025 (+3.6%)
- 2026 (+1.7%)
4 years of turnover, 2023 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 21.0% in 2023 to 22.1% 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.