Acquisition of Poringland Insurance in Norwich, Norfolk
Drayton Insurance Services has completed the takeover of Poringland Insurance in a move that will increase its regional coverage to four offices and lead to the recruitment of two new staff.
And Richard Beevor, commercial development manager for Drayton Insurance, has not ruled out buying more businesses if new opportunities arise, as the firm looks to boost its turnover from £7.5m to £15m over the next five years.
The latest acquisition comes after the owner of Poringland Insurance Glen Taylor decided to sell the business because he was struggling with ill health – although he will remain as a business advisor to the company.
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