Yorkshire broker Oughtred and Harrison is the final stages of sale talks with a potential buyer. It is understood the deal could be sealed imminently.
Industry sources have linked Smart & Cook as t ...
Yorkshire broker Oughtred and Harrison is the final stages of sale talks with a potential buyer. It is understood the deal could be sealed imminently.
Industry sources have linked Smart & Cook as the frontrunner to buy the Hull-based broker, after a race with two other bidders.
Oughtred and Harrison has about 100 staff and generates premium income of about £25m.
It has seven offices dealing in commercial insurance in Chippenham, Clitheroe, Ludlow, Hull, Lincoln, Leeds and Grimsby, where it has an additional personal lines office.
The diverse family-owned group, dating back to 1919, also includes a tanker agency and a business that builds ambulance minibuses. The group employs about 250 people.
Oughtred and Harrison Insurance Broking has been up for sale for several months, after a rough period in which it lost a team from its Lincoln office and one from Hull to Smart & Cook.
A company spokesman said the sale would finance a major expansion for the group.
