Project Mesolite utilises its unlimited market access to offer expert advice for mortgages, protection and general insurance products, undertaking an assessment of each client to identify the most appropriate solution.

The business’s brokerage services encompass first-charge, second-charge and buy-to-let mortgages; protection insurance, such as life and critical illness cover, and income protection; and general insurance, including buildings and contents.

The company’s activities are free for clients, with lenders paying procuration fees for agreements secured. This has facilitated high levels of reliable repeat business when clients’ mortgages and insurance policies are due to renew.

Our clients are offering the business for sale to facilitate retirement plans. One shareholder is willing to remain operational post-sale, with the second open to working part-time within the company.
Offers invited.

Key Highlights

– Regulated by the FCA and covered by the FSCS.

– A contract with two local estate agency groups procures further clients, with vast potential to increase the referral network to include other estate agencies and professional entities.

– Retains a wealth of expertise with a team of qualified, experienced Advisers.

– Operates from leasehold office premises, which provide a strong high-street presence to facilitate brand visibility and passing trade.

– Advisers have options to be based in several of the estate agency branches.

– Could be relocated, with opportunity to open additional offices throughout the UK.

Financial Highlights

– Generated a YE23 turnover of £939k, with an adjusted EBITDA of £409k.

– Average gross profit margin of 63% between YE20 and YE23.

– From YE20 to YE23, the company generated an average adjusted EBITDA margin of 45%.

– Has approximately 4,000 existing clients with mortgages scheduled for review.