Last checked at 18 Feb 2020 07:00
18 February 2020
B.P. Marsh & Partners Plc
("B.P. Marsh", "the Company" or "the Group")
Investee Company Update - Nexus Underwriting Management Limited
B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to note that its investee company Nexus Underwriting Management Limited ("Nexus"), has been ranked at number 78 in The Sunday Times International Track 200 league table, which ranks Britain's 200 mid-market private companies in order of fastest growing international sales.
This is a prestigious group of fast growing companies across all sectors of UK business. Nexus has eight overseas offices across Europe, America and Asia. Nexus increased its international sales to £7.6m for its year ended 31st December 2018, a significant increase from £3.2m for their year ended 31st December 2016.
The Group holds an aggregate Nexus shareholding of 17.7% and has been invested since August 2014. Nexus is one of the largest independently owned Managing General Agencies in the UK insurance market, budgeting to write over £345m of Gross Written Premium across various specialty lines in the 2020 financial year.
Dan Topping, B.P. Marsh's Chief Investment Officer and Nominee Director on the Board of Nexus has said: "B.P. Marsh is pleased to note this accolade for Nexus, which is a testimony to Nexus' ability to deliver strong growth in international sales and expand their global footprint."
For further information:
B.P. Marsh & Partners Plc | www.bpmarsh.co.uk |
Brian Marsh OBE / Harriett Osmond - Investor Relations | +44 (0)20 7233 3112 |
Nominated Adviser & Broker Panmure Gordon (UK) Limited | |
Atholl Tweedie / Charles Leigh-Pemberton / Ailsa Macmaster | +44 (0)20 7886 2500
|
Financial PR Tavistock Communications Limited Simon Hudson / Tim Pearson |
bpmarsh@tavistock.co.uk +44 (0)20 7920 3150 |
Notes to Editors:
B.P. Marsh's current portfolio contains seventeen companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk.
Since formation over 25 years ago, the Company has assembled a management team with considerable experience both in the financial services sector and in managing private equity investments. Many of the directors have worked with each other in previous roles, and all have worked with each other for approaching ten years.
Since its inception B.P. Marsh has delivered an average annual compound increase in NAV of over 10% and this remains one of the Group's core goals for future years.
- Ends -