Profiles
25. THB GROUP
MURRAY HOUSE
MURRAY ROAD
ORPINGTON
KENT BR5 3QY
TEL: 01689 827044
FAX: 01689 883511
EMAIL: MAIL@THBGROUP.COM
WEBSITE: WWW.THBGROUP.COM + WWW.THBGROUP.COM
FEE AND COMMISSION INCOME (2004): £31.47m
PRE-TAX PROFIT: £3.72m
NUMBER OF UK BRANCHES: 7
NUMBER OF UK EMPLOYEES: 410
CHIEF OFFICER: VIC THOMPSON, CHAIRMAN AND CHIEF EXECUTIVE
YEAR ESTABLISHED: 1967
HISTORY
THB was formed in 1967 by current chief executive Vic Thompson and floated on the AIM market of the London Stock Exchange in 2002.
THB initially developed as a predominantly UK/US wholesale broker, becoming a Lloyd's broker in 1977 and more recently substantially expanding its retail activities.
Last year THB acquired British Equestrian Insurance Brokers, followed by Rarrigini & Rosso, the provider of fleet insurance and fleet risk management services.
In recognition of its growth and innovation, THB won last year's prestigious London Stock Exchange AIM awards Best Newcomer of the Year and was also recognised as one of the UK's fastest growing companies in the Deloitte Indy Awards.
MAJOR SHAREHOLDERS
64% of issued shares owned by 85 employees, the balance held by ex-employees, institutional investors and private investors.
MAIN LINES OF BUSINESS
Provision of niche binding authorities and open market facilities for large, quality wholesale brokers in the UK and US, together with a large retail account specialising in a variety of niche areas, including motor sport, equine, media and professional indemnity.
SUBSIDIARY COMPANIES
Thompson Heath & Bond, THB Clowes, THB Financial Services, THB Financial Services, THB Risk Solutions, THB Risk Management.
CHIEF OFFICER BIOGRAPHY
THB founding chairman Vic Thompson left Bromley Grammar School at 16 and went straight into the City, joining Sun Insurance. He moved to Hogg Robinson at the age of 21 and later joined Lloyd's broker Steel Brothers & Higgins.
In 1967 Thompson established his own business, Thompson Heath & Bond, which became a Lloyd's broker in 1977.
Over the past few years Thompson has actively led the company in both the flotation and acquisition programme.
