Keoghs LLP
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Keoghs LLP - overview
Established
1968
Location
Bolton, -, UK
Primary Industry
Business Support Services
About
Keoghs LLP is a legal firm specializing in claims solutions for the UK insurance industry, delivering innovative services that enhance claims management and underwriting performance through advanced technology. Founded in 1968 in Bolton, UK, Keoghs LLP provides legal and claims solutions to the insurance sector, addressing casualty and catastrophic loss claims. The firm has undertaken strategic pivots to adapt to market needs. Key leadership includes CEO Allison Carr.
Notably, in January 2020, Davies Group Limited acquired a minority stake in Keoghs from LDC, marking a significant investment in the firm. Keoghs specializes in providing a comprehensive array of legal and claims solutions tailored primarily for the UK insurance industry. Their core offerings include services that address casualty claims, complex and catastrophic loss claims, and corporate sector risks, among others. These products function by streamlining the claims management process, enhancing customer experiences, and improving underwriting performance through advanced technology integration.
The services target a diverse clientele that includes insurers, businesses, and other stakeholders within the insurance sector, ultimately serving end users involved in various claims processes. Keoghs operates primarily within the United Kingdom and Ireland, catering to a broad client base that benefits from their legal expertise and innovative solutions. In 2023, Keoghs reported a revenue of GBP 138,284,436. 50, with an EBITDA of GBP 43,201,416.
60. The firm's revenue is generated through structured B2B transactions with insurers and corporate clients, primarily through specialized legal services and claims management solutions, which are customized according to each client's needs. Keoghs plans to leverage recent funding received from Davies Group Limited to enhance their product offerings and expand into new geographic regions. The firm is currently developing new services aimed at improving claims management processes and expects to launch these initiatives in the upcoming year.
The acquisition of a minority stake by Davies Group Limited is anticipated to bolster strategic growth, allowing Keoghs to address a broader market within the insurance sector.
Current Investors
HGGC, Davies Group Limited, DUP Alberta Investment Management Corporation
Primary Industry
Business Support Services
Sub Industries
Corporate Law
Website
www.keoghs.co.uk
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Keoghs LLP - timeline of key events
Keoghs LLP - financials
| Fiscal Year Ended | May 31, 2010 | May 31, 2011 | May 31, 2012 | May 31, 2013 | May 31, 2014 | May 31, 2015 | May 31, 2016 | May 31, 2017 | May 31, 2018 | May 31, 2019 | May 31, 2020 | May 31, 2021 | May 31, 2022 | May 31, 2023 | May 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 38,982,805 | 44,645,165 | 55,482,812 | 57,295,243 | 54,919,224 | 54,379,900 | 58,299,000 | 67,758,000 | 78,948,000 | 92,972,000 | 96,992,000 | 102,263,000 | - | - | - |
| % Revenue Growth (YoY) | - | 14.5% | 24.3% | 3.3% | (4.1%) | (1.0%) | 7.2% | 16.2% | 16.5% | 17.8% | 4.3% | 5.4% | - | - | - |
| EBITDA (USD) | 10,417,960 | 13,466,330 | 17,627,874 | 12,964,633 | 11,412,495 | 13,212,112 | 14,751,000 | 17,971,000 | 20,579,000 | 24,879,000 | 26,157,000 | 28,790,000 | - | - | - |
| Operating Income (USD) | 9,284,304 | 12,587,903 | 16,656,550 | 11,728,490 | 9,418,675 | 10,284,764 | 11,315,000 | 15,887,000 | 17,914,000 | 20,023,000 | 19,840,000 | 22,502,000 | - | - | - |
| Operating Margin | 23.8% | 28.2% | 30.0% | 20.5% | 17.2% | 18.9% | 19.4% | 23.4% | 22.7% | 21.5% | 20.5% | 22.0% | - | - | - |
| % EBITDA Margin | 26.7% | 30.2% | 31.8% | 22.6% | 20.8% | 24.3% | 25.3% | 26.5% | 26.1% | 26.8% | 27.0% | 28.2% | - | - | - |
| NET Income (USD) | 9,195,507 | 12,597,624 | 16,246,775 | 11,579,593 | 9,443,559 | 10,253,465 | 11,284,000 | 15,729,000 | 17,534,000 | 19,494,000 | 19,231,000 | 22,466,000 | - | - | - |
| % Net Margin | 23.6% | 28.2% | 29.3% | 20.2% | 17.2% | 18.9% | 19.4% | 23.2% | 22.2% | 21.0% | 19.8% | 22.0% | - | - | - |
Keoghs LLP - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Keoghs LLP | - | ||||||||
| Buyout | Completed | Keoghs LLP | - |
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Keoghs LLP - employee data
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