Fri, 28 Mar 2025 | BUSINESS SALE
Ladbrook Insurance, a Derbyshire-based specialist charity broker, has been acquired by Access Insurance, becoming part of the Benefact Group.
Ladbrook Insurance was created by founder, Martin Ladbrook in 2000. He had identified a growing need for quality insurance advice and products for the third sector. He recognised that third sector organisations had an increasingly important role to play in society and that the charitable, social enterprise and voluntary organisations that make up the sector, needed specialist insurance advice.
Access, which joined the Benefact Group in early 2024, has grown significantly over the past two decades, now employing more than 60 staff and serving 18,000 clients, primarily charities, social enterprises and voluntary groups. The company’s expansion aligns with Benefact Group’s model of donating all available profits to charitable causes.
The move marks Access Insurance’s fourth acquisition as it continues to expand its presence in the UK charity insurance sector. Financial terms of the deal were not disclosed.
Simon Hickman, CEO and founder of Access Insurance, described the acquisition as a key step in the company’s long-term strategy. “Acquiring Ladbrook Insurance is a key milestone in our growth strategy over the next five years and reflects our appetite for growth. With increasing consumer duty requirements, we are open to further opportunities to acquire books of charity clients that align with our expertise in the third sector.”
He added that the acquisition provides Access with a new base in Derbyshire, benefiting staff and clients in the North.
Ladbrook CEO Tim Larden said joining a larger group would bring advantages to clients while supporting Access’s growth plans.
“I am pleased that Ladbrook is becoming part of a larger group which prides itself in educating and advising charities on managing risk and am excited about the additional benefits it will bring to our own client base as well as jumping into helping Access achieve ambitious growth goals,” he said.
As part of the deal, Larden takes on the role of sales & marketing director at Access Insurance.
Find out more about M&A trends in the insurance sector
An exciting opportunity to acquire a well-established independent financial advisor firm with £125m in funds under management in Wiltshire.
Although profitable, this business has quality personnel who can continue working, leading to a smoother transition post sale.
This firm represents a superb opportunity to establish a hub, with staff and offices already in place.
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