Ceta posts turnover and profit growth in run-up to sale
Digital niche personal lines and SME broker Ceta Insurance grew turnover by 23% in the year parent Atec Group was bought by European private equity investor Perwyn.
A filing at Companies House showed Ceta’s turnover broke through the £20m barrier in the year ended 30 September 2024, reaching £20.44m.
According to the business, it was a result of continued organic growth across existing and new distribution channels.
The firm, which specialises in leisure and household in the retail and wholesale sectors, also delivered rising profits in the financial year.
Operating profit surged 26% year-on-year to £5.53m as post-tax profit jumped 10% to £4.12m.
Looking to the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Brokers closed Q1 with optimism on growth at five-year high – Aviva
Brokers’ optimism for growth reached its highest level in the past five years this March, according to Aviva’s Broker Barometer research.
Avid partners with MS Amlin on leasehold product
Specialist managing general agent Avid Insurance has partnered with MS Amlin Insurance to provide capacity in the public sector ‘right to buy’ the leasehold insurance market.
Ex-Bollington boss Moors joins Broadway
Former Bollington leader Paul Moors is to become a director of Broadway Insurance Partners, subject to regulatory approval.
Biba 2025 Countdown: LexisNexis Risk Solutions’ Tony Pinch
Tony Pinch, head of sales, broker and MGA, UK and Ireland at LexisNexis Risk Solutions suggests a New Era of broking will feature more data enrichment; passes down some tips from his 15 years experience attending the event; and recommends delegates might fancy a trip to see a local exhibition called Operation Ouch! Brains, Bogies and You!
Interview: Bob Pybus, CEO of AUB UK Retail
Having been named CEO of AUB UK Retail last September, Bob Pybus reflects on his route to the role, tells Insurance Age about the deals struck so far and shares his plans to grow to a £1bn business.
FCA reveals fall in GI and protection appointed reps
The number of appointed representatives in the general insurance and protection space fell to 7,359 last year as the sector posted the biggest volume drop in the financial services market.
Biba 2025 Countdown: FullCircl’s Ashleigh Gwilliam
Director of insurance industry growth at FullCircl and a member of the Biba Insurance Technology and Innovation Committee, Ashleigh Gwilliam, on ‘fearlessly defending’ his most conference steps title, the case for business cards and why Oasis’ ‘Supersonic’ perfectly encapsulates the event.
UK firms underestimating cyber attack vulnerability with smallest most at risk
Businesses in the UK and Ireland are five times more likely to be the target of a cyber attack than suffer flood damage and yet only 47% have dedicated cyber cover, according to research from Pen Underwriting.