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Pavey Group looks forward to continued growth with full banking switch to Santander
Devon-based insurance broker Pavey Group has received an extensive funding package from Santander Corporate & Commercial to assist with the company’s future growth plans.
Pavey Group is one of the largest independent insurance brokers in the South West. Clients range from sole traders to high profile businesses and organisations including Newton Abbot Races, Glendinning, KandyToys, Mole Valley Farmers and the National Trust.
Founded in 1971, the Group currently employs 95 staff at offices located in Exeter, Torquay and Holsworthy and as an indication of its growing status, recently renewed its Chartered Insurance Broker status, demonstrating their commitment to offering the highest levels of expertise to their clients. It puts the Devon firm among only five per cent of brokers in the UK to have achieved this prestigious recognition for their professional standards.
A very high customer retention rate with longstanding relationships also reflects the strength of its customer-centric business model.
The funding from Santander Corporate & Commercial has helped Pavey Group with a range of initiatives and business solutions. The Group has also transferred its full-service banking relationship to Santander and will be assisted by the Santander team based in Exeter.
Graham Howe, Finance Director at Pavey Group, commented:
We are delighted to have moved across to Santander for all of our banking requirements, a key benefit is that we will now be looked after by strong local team who understand our business.
Murray Smith, Relationship Director at Santander, said:
Pavey Group has a proven track record of delivering continued growth based on a simple ethos of putting its clients first. Santander is delighted to be working with the management team and staff as they continue to grow and expand the business.