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Marshall Wooldridge makes aquisition

10 November 2008 15:57:00

With effect from the 1 November, 2008 Leeds based Marshall Wooldridge Ltd have acquired the entire share capital of Garforth based H.N.H. Insurance Brokers Ltd

All staff will be remaining with the Group and HNH will continue to trade from their current premises. This will add £4.5M premium income to the new group and Marshall Wooldridge Ltd (MW) now control £22M premium income and have 70 staff.

The company which is celebrating its 35th anniversary this year, recently gained the much coveted Chartered status, the gold standard for the insurance broking industry and is only awarded to those firms which meet rigorous criteria of professionalism and capability. MW is ranked in the Top 100 Independent Brokers nationally.

James Hall, MD of MW commented "We are delighted to acquire a business of the standing of HNH and this acquisition fits in with our overall strategy for our business of strong organic growth and selective acquisitions. HNH is a business that matches our values regarding staff and customer care and we are delighted to have Derick Nichols,Stuart Haxton and their team on board with us"

Words By Julie Rayson-Flynn

AGM House, 3 Barton Close, Grove Park, Enderby, Leicester. LE19 1SJ