Bspoke sets marker with £5.17m turnover in inaugural accounts
Bspoke Insurance Group has forecast returning to profit after achieving £5.17m of turnover but post-tax losses in its first five months of trading since being formed out of UK General and Precision Partnership.
While the business was incorporated in May 2022 the deal that brought the pair across from Primary Group creating the collection of specialist managing general agents kicked in five months later in October.
The switch, which was backed by Montague and RCapital Partners, makes like-for-like comparisons impossible, however UK General alone had smaller turnover in the years before the sale.
Not unexpectedThe first figures for Bspoke, released in a filing at Companies House, covered the shortened
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Broker Diversity Push: FOI stats show subtle improvements in broking leadership gender balance
The latest data from the Financial Conduct Authority obtained by Insurance Age via a Freedom of Information request has shown small improvements in five out of six key SMF approved functions.
Aviva secures naming rights for new 20,000 capacity Bristol concert venue
A new 20,000 capacity indoor entertainment arena in Bristol will be known as the Aviva Arena, it was announced today.
Mabb moves to advisory role as Webb named RMD of Romero
Regional managing director of Romero, Simon Mabb, will switch to an advisory role at Gallagher being succeeded by ex-Marsh leader Jonathan Webb.
CFC sale rumours resurface
The private equity owners of cyber insurer CFC are exploring “strategic options” having appointed advisers, according to a report by Bloomberg.
Zurich UK trims COR again and profits rise further in 2025
Zurich UK achieved a combined operating ratio of sub 90% for property and casualty business with profits rising 21% in 2025 while premiums stayed stable.
Survey finds broker loyalty no longer anchored in historical relationships alone
How London Market insurers harness digital technology to improve speed, integration and ease of doing business, is a major determinant on where brokers place their business, according to new research.
Close Brothers reverses premium finance commission disclosure requirement
Close Brothers Premium Finance has u-turned by cutting the need for brokers to get customers’ explicit consent to commission arrangements.
SRG broker to wholesale pothole damage cover
Strategic Insurance Services has launched a vehicle insurance product designed to cover damage caused by potholes, making it available to brokers on a wholesale basis for private motor and commercial fleet clients.