INVESTMENT YEAR
2014
REALISATION YEAR
2016
SECTOR
Services
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Specialist insurance broker

Kingsbridge is the UK’s leading provider of insurance services tailored to meet the needs of contractors, freelancers and independent professionals, as well as the compliance requirements of partners including recruiters and accountants.

Working in conjunction with its strong partner network, Kingsbridge covers the broadest range of industry sectors in its market, including aerospace, banking and finance, rail, automotive, nuclear, oil and gas and information technology. Kingsbridge is headquartered in Tewkesbury, Gloucestershire, with offices in Liverpool and Guernsey.

When we invested, Kingsbridge had two distinct parts to the business, a traditional corporate insurance broker and a newer contractor insurance side which could offer a single policy of insurance to a freelance contractor. This enabled Kingsbridge to take advantage of a trend in the UK workforce moving from employed to self-employed.

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Doubling in size and capitalising on a market opportunity
  • Livingbridge invested in Kingsbridge in 2014 to help them to develop their product offering and accelerate growth.
  • Kingsbridge made key additions to their senior team including a finance director and chairman, both of whom Livingbridge had worked with previously, as well as introducing a new COO.
  • The investment enabled Kingsbridge to grow rapidly in size. At exit Andrew Garside, partner at Livingbridge, said. “It has been great to see Kingsbridge develop into the business it is today. Since our investment Kingsbridge has gone from strength to strength, doubling its profits, capitalising on the market opportunity available and growing its headcount. We are confident Kingsbridge will continue to thrive and we look forward to seeing the business build on the success that it has achieved to date.”
  • During the two years of the investment Kingsbridge more than doubled in size, trebled its profits and at exit boasted revenues of almost £7 million.
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Kingsbridge timeline

2001 Business founded by CEO Steve Wynne
2014 Livingbridge invest for a minority stake in the business
2014 Chairman and finance director appointed from Livingbridge network
2016 Livingbridge realise their investment in a secondary management buyout