PSP Group History

PSP GROUP HISTORY

Since our business first opened for business in 1981 we have grown steadily. However in the last 3 years following acquisitions of existing insurance businesses we have blossomed into one of the largest independently owned insurance brokers in The South West Region.

Throughout our growth we have focused on delivering the same local, independent, professional but friendly services to our existing and new clients.

History

  • 1981

    Parkins Scutt & Partners established Chippenham Wiltshire

  • 2002

    Incorporated

    2002

  • 2007

    Opened PSP office in Saltash Cornwall

  • 2008

    Acquired Roger Norman & Co Looe Cornwall

    2008

  • 2009

    Acquired Mountguard Insurance & Financial Services Ltd St Ives Cornwall

  • 2010

    Acquired Newquay Insurance Services Ltd Newquay Cornwall

    2010

  • 2014

    Opened PSP office in Torquay Devon

  • 2017

    Acquired Heywood Financial Ltd Melksham Wiltshire

    2017

  • 2017

    Acquired Heywood Insurance Brokers Ltd Melksham Wiltshire

  • 2018

    Acquired Mike Williams Insurance Ltd Bridgwater Somerset

    2018

  • 2019

    Acquired Parkers LLP Exeter Devon

  • 2019

    Opened PSP office in Southampton Hampshire

    2019

  • 2019

    Acquired Paul Hicks Insurance Launceston Cornwall

Acquisition Strategy

Following two successful acquisitions we are very keen to speak to other South West Insurance brokers who are considering their futures and are attracted to passing their business, staff and clients onto a regional insurance broker such as PSP Group rather than one of the large consolidators in our industry. Contact Bob Parkins for an initial informal chat.

“Having completed the sale of my business to PSP, I am writing to thank you for the professional manner in which the purchase was conducted. Throughout our negotiations I knew Bob understood how difficult a decision the sale was for me, I am very appreciative of the time and space I was given during discussions. I had known Bob for a number of years and he was a major influence in why I elected to sell to PSP, he is straight talking and most importantly for me in reaching such a vital decision, a man of his word.”

“During negotiations the future of my employees were obviously a major concern; however I need not have worried as they are happy in the new work environment and have opportunities to progress their roles and responsibilities. I invested so much into building my business, looking after and developing my clients, many of whom are now friends, so it gives me great comfort that from what I have witnessed PSP have the same business ethos. I wish you continued success, you have fully delivered on what was promised, I could not have asked for anything more.”

“Choosing PSP Group when making the decision to sell Parkers LLP was made easy due to our shared client focus and ethos of local and personal service.

We then found the process to be very straightforward and uncomplicated, with the support and guidance provided by their experienced integration team.

The team from PSP Group, worked closely with our management team and staff to provide support and training, throughout the whole process. This meant that we all felt welcomed into PSP Group and part of the wider team from the outset.

After the successful first year we have retained over 95% of our clients.

PSP Group have traditionally enjoyed a very low turnover of staff. Many of whom have joined the business as part of their acquisition strategy. It’s very encouraging to see that many of the “new” PSP people continued to build successful careers, gain promotion and even positions on their main management board.”

PSP Group is a trading style of PSP Insurance and Financial Solutions Ltd which is authorised and regulated by the Financial Conduct Authority under register number 303461 for Insurance Mediation activities and as a Credit Broker, and does not charge any fees to customers in relation to Credit Broking activities. The Risk Management services are not regulated by the Financial Conduct Authority. Registered Office 20-22 The Bridge, Chippenham, Wiltshire SN15 1EX Registered in England No. 4616351.
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