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Small Specialist Insurance Agency Started In Belfast
Belfast, County Antrim, Northern IrelandIdentity protected
Available
About this business
Started in 2024, this Belfast agency writes a narrow line of specialist cover, placed through local brokers on behalf of an insurer. It is run by three people with no premises, working from home. Turnover has risen slightly to £370k, but adjusted EBITDA has slipped each year, from £71k to £63k, as costs grew while the business found its feet. Net profit was £50k. This is a small, young business; a buyer with underwriting experience could add product lines or fold it into an existing agency.
Key investment highlights
- Turnover of £370k in its third year
- Run by three people from home
- Asking price £295k
- Could be added to an existing agency
Reason for sale
The founder has been offered a senior underwriting role elsewhere and is selling to take it up.
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.
- 2024: baseline
- 2025 (+3.1%)
- 2026 (+0.8%)
3 years of turnover, 2024 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 narrowed from 19.9% in 2024 to 17.0% 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.