An award-winning insurance brokerage firm is planning to win new business and invest in recruitment after completing a six-figure refinancing deal with Yorkshire Bank.
The Burley Group, which is based in Sheffield and has a current turnover of £2.2m, has worked with the bank for three years and recently chose to move its full banking to the firm.
With the new relationship, the company plans to continue its drive towards growth with the recruitment of more appointed representatives.
Steve Burley, owner and director, said: “Our previous bank, a business that had specialist knowledge of insurance brokers, recently left the UK and we were concerned about finding a new supplier that would have knowledge of our sector.
“We discovered Yorkshire Bank has a wealth of experience working with businesses like ours and the team had a great understanding of what we do, so it was a perfect fit.”
Paul Hambrook, head of insurance sector at Clydesdale and Yorkshire Bank, added: “The insurance broker market remains very robust with a number of notable transactions over the last few years.”
Mr Burley is the third generation in his family to manage the company, which was established by his grandfather, Joseph Burley, in 1953.
The business’ head office is in Brightside Lane and employs 37 staff over five locations throughout the UK, including Glasgow, Aberdeen, Essex and Ireland. It specialises in providing insurance and advice to a wide range of sectors particularly haulage, warehousing and supply chain businesses.