Markerstudy reveals £63m Clegg Gifford purchase bill
Markerstudy has confirmed it spent £63.63m on snapping up Clegg Gifford Holdings and its subsidiaries last year.
The majority of the bill, £49.41m was paid in cash, a filing for Markerstudy Group Holdings at Companies House has revealed.
The transaction also included T(UA, formerly known as Tradex Underwriting Agencies and TDDL, previously Tradex Direct Deal – both dormant businesses.
However the total does not measure the full cost of Tradex Insurance Company in which Clegg Gifford held a stake.
PlansTradex Underwriting Agency was originally setup by Roy Clegg – before Tradex Insurance Company was created
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