
Swinton Group
A range of insurance products.
Date | Investors | Amount | Round |
---|---|---|---|
£165m Valuation: £165m 1.3x EV/Revenue | Acquisition | ||
Total Funding | 000k |
GBP | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | (16 %) | (24 %) | (25 %) | 6 % | (16 %) | 2 % | - |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | 4 % | 5 % | 6 % | 8 % | 26 % | 28 % | 21 % |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Swinton Group was founded by Ken Scowcroft, who began his journey in the insurance industry with a simple yet ambitious vision. In the early days, Scowcroft sold over 100 policies in his first year, laying the foundation for what would become Swinton Insurance. By 1964, he had opened his first high street branch, marking the beginning of Swinton's expansion across the UK.
Over the years, Swinton Group grew to become a household name, with a network of 200 branches nationwide by 1987. This growth was driven by a commitment to providing accessible and reliable insurance services to a broad customer base. Swinton's ability to adapt to changing market conditions and consumer needs played a crucial role in its sustained success.
In a significant turn of events, Swinton Group was acquired by The Ardonagh Group in 2018 for £165 million. This acquisition marked a new chapter for Swinton, as it became part of the UK's largest independent insurance broker. The deal was funded by Ardonagh's existing resources and was seen as a strategic move to enhance its market position and expand its service offerings.
Today, Swinton Group continues to operate under the umbrella of The Ardonagh Group, leveraging its extensive network and expertise to serve customers across the UK. The story of Swinton Group is a testament to the enduring impact of strategic growth and adaptation in the ever-evolving insurance industry.