B.P. Marsh & Partners (BPM)

Sector:

Financials

Index:

FTSE AIM All-Share

645.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 650.00
  • 52 Week Low: 371.00
  • Currency: UK Pounds
  • Shares Issued: 37.08m
  • Volume: 48,136
  • Market Cap: £239.14m
  • RiskGrade: 126

BP Marsh acquires 30pc stake in new broker SRT

By Josh White

Date: Wednesday 30 Oct 2024

LONDON (ShareCast) - (Sharecast News) - BP Marsh announced the acquisition of a 30% cumulative preferred ordinary shareholding in SRT & Partners on Wednesday - a newly established UK retail and London market insurance broker.
The AIM-traded firm said the investment, valued at £2.5m and provided through a combination of equity and loans, was fully drawn down on completion.

With the financial backing, SRT aimed to develop a premier client-centric London-based brokerage, to provide clients and partners with specialised broking and underwriting services.

SRT's growth strategy would involve building its London market brokerage, organically expanding its UK client base, and pursuing targeted acquisitions of independently-owned UK retail brokers.

In line with the plan, SRT had already completed its first two acquisitions - retail insurance broker Read Hunt, and asset finance broker First Business Finance.

Both firms served commercial clients across construction, manufacturing, and transport sectors.

SRT is led by co-founders Tom Shipston and Tom Castle, who BP Marsh said brought substantial experience in insurance broking and asset finance.

Shipston, who serves as chief executive officer, was formerly head of property and casualty at Citynet, a Lloyd's broker under PIB Group.

Castle, SRT's chief commercial officer, has extensive industry experience, including his role as managing director at First Business Protection, a brand that SRT planned to continue using.

"We are pleased with this investment in SRT, founded by a skilled and experienced management team," said chief investment officer Dan Topping, who had also been appointed to the SRT board.

"BP Marsh look forward to working with the co-founders Tom Shipston and Tom Castle to deliver on their business plan, both in building a London market brokerage and expanding their UK retail operation."

At 1220 GMT, shares in BP Marsh & Partners were up 4.11% at 627.25p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BPM Market Data

Currency UK Pounds
Share Price 645.00p
Change Today 5.00p
% Change 0.78 %
52 Week High 650.00
52 Week Low 371.00
Volume 48,136
Shares Issued 37.08m
Market Cap £239.14m
RiskGrade 126

BPM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.43% above the market average16.43% above the market average16.43% above the market average16.43% above the market average16.43% above the market average
10.09% above the sector average10.09% above the sector average10.09% above the sector average10.09% above the sector average10.09% above the sector average
Price Trend
93.77% above the market average93.77% above the market average93.77% above the market average93.77% above the market average93.77% above the market average
94.69% above the sector average94.69% above the sector average94.69% above the sector average94.69% above the sector average94.69% above the sector average
Income
14.86% above the market average14.86% above the market average14.86% above the market average14.86% above the market average14.86% above the market average
1.54% below the sector average1.54% below the sector average1.54% below the sector average1.54% below the sector average1.54% below the sector average
Growth
90.17% above the market average90.17% above the market average90.17% above the market average90.17% above the market average90.17% above the market average
92.23% above the sector average92.23% above the sector average92.23% above the sector average92.23% above the sector average92.23% above the sector average

BPM Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Apr-24 27-Jun-24
Paid 03-May-24 26-Jul-24
Amount 2.68p 5.36p

Trades for 31-Oct-2024

Time Volume / Share Price
16:23 306 @ 649.90p
14:13 4,621 @ 649.00p
15:56 30 @ 649.90p
15:33 152 @ 649.90p
14:45 25 @ 650.00p

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