Consultation for all staff at Colchester site ends 20 January

Markerstudy has placed all 120 staff at BDML Connect’s Colchester site at risk of redundancy.

Markerstudy took over affinity specialist broker BDML as part of its acquisition of Capita’s loss-making retail broking division this month.

In total the Capita businesses employ 635 staff across three locations.

Managing director of Markerstudy’s retail division Russell Bence said: “Given the current status of contracts and the declining workloads at the Colchester site, Markerstudy has taken the decision to place all roles on this site ‘at risk’ of redundancy.

“We have embarked on a 45-day consultation period, which concludes on 20 January.”

No staff have been placed at risk of redundancy at the other sites in Cambridgeshire and Portsmouth, but Markerstudy is talking to “a small proportion of specific staff regarding potential exit packages”, Bence said.

The acquisition, covering Lancaster, Delta Underwriting, Hero Insurance Services and Sureterm Direct, doubles the size of Markerstudy’s retail broking arm.