Partners& deal prices revealed

Long-term incentive

Partners& paid out £15.2m for five purchases made in the year ended 31 March 2023, a filing at Companies House has revealed.

In the financial year the firm entered the Scottish market buying MacDonald Group adding 50 staff, offices across Scotland, and £20m of gross written premium to the business.

RelatedPartners& boosts turnover by 54% and cuts operating loss by nearly two-thirds 

The deal, completed in May 2022, cost Partners& £12.3m which it paid for with £8.3m in cash and £4m in shares, the document detailed.

In the period Partners& also snapped up Albany Insurance Services, Insure Scotland, and as revealed by Insur

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Broking Success: Right opportunity

Matthew Collins, founder and managing director of Ascend Broking, targets growing from £14m to £50m gross written premiums in five years as the firm positions itself as a viable alternative to larger brokers.

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