Berkeley Burke in MBO

The majority shareholders of the new group are Andrew Bedford, chairman and Tim Maxted chief executive officer. Berkeley Burke was formed in 1973 by former directors of an international Lloyds brokerage which was taken over by a major competitor.

Mr Berkeley commented: “The experience of being ‘sold’ had a lasting impression on me and I know the negative emotions that such an event can generate. I have, as a result, long held the ambition of effecting the sale of our business to the existing

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