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First buy for K Drewe

In the year of its 50th anniversary, K Drewe Insurance Brokers of Bewdley has made its first acquisi...

In the year of its 50th anniversary, K Drewe Insurance Brokers of Bewdley has made its first acquisition. The company has bought the book of business of £4m broker Armon Heath and Dane, a caravan schemes and commercially-focused broker based in Whitstable. Colin Heath and John Dane and all six members of staff remain with the business, which will continue to operate from the same premises and under the same name, as a trading name of K Drewe.

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Should you sell your broking business to an Employee Ownership Trust?

Tax-efficient exit strategies and staff incentivisation have become hot topics among broker leaders since the recent increases in Capital Gains Tax and Employer National Insurance. In the second part of a series focused on the fallout from the 2024 Labour Budget, Catherine Heyes examines how broker owners can use Employee Ownership Trusts to respond to these developments.

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