Tax fee protection insurance provider, Qdos Vantage Ltd has merged with its sister company, Vantage Protect Ltd and has rebranded to ‘Vantage’ in a strategy for expansion under the guidance of the major shareholders who recently led tax insurance specialist, Qdos Contractor to 70% annual growth and a high-profile sale to global insurance leader, Tokio Marine HCC.
By joining forces, the two companies form a new multi-million pound insurer focused on delivering a range of innovative solutions through state-of-the-art technology, which underpinned the success of Qdos Contractor.
Qdos Vantage Ltd is focused on the market for tax fee protection for accountants. Vantage Protect Ltd provides wholesale commercial and legal insurance to brokers and trade associations.
Together as Vantage, the companies will benefit mutually from sharing decades of specialist insurance knowledge, innovative technology systems and experience in delivering rapid and sustainable growth. The combined businesses will also include the Vantage Global brand, which provides tax fee protection insurance to accountancy clients in mainland Europe – a market which the shareholders believe has significant potential.
Working with Managing Director, Steve Wade, on the new strategy will be Director Vee Babla, and the same shareholders who built Qdos Contractor, Alf Gordon and Steve Greenwell. The team has exceptional knowledge when scaling businesses, using a combination of innovative technology and an ethos of strong client insight and exceptional service.
Steve Wade, Managing Director of Vantage Fee Protect, commented;
“The merging of these two companies signals the beginning of a new chapter, under the name Vantage – and it’s one we’re truly excited about. Despite being a relatively small insurance company, we have ambitious plans to grow, but responsibly so, and without losing our personal touch, which is core to everything we do.
“Under one name, Vantage will provide a wider range of trusted insurance solutions. While the products the companies deliver are different, there is a huge amount of operational synergy, meaning that bringing them together made perfect sense.”
Alf Gordon, CEO, commented:
“After the strategic sale of Qdos Contractor from a position of strength, we now have our sights set on growing Vantage and achieving a turnover in excess of £10m for 2018. As a team, we are experienced at rapidly scaling businesses and will apply a similar formula for growth going forward.”