- Stuart Applegate bought Margins Insurance Services after always wanting to own a company – and then lockdown happened
- The Padiham-based business has been running for 40 years and hasn’t let COVID-19 get in the way of its growth plans
- Mr Applegate says he has “huge aspirations” for the business and Padiham is the perfect place to achieve them
Stuart Applegate had always wanted to own a business, after working in the insurance industry for 30 years.
So when the opportunity came up to purchase Margins Insurance Services in Padiham, he took the plunge and bought it – but the same week, the national COVID-19 lockdown happened.
“Actually completing the transaction just as we went into lockdown was scary to say the least – but I can always find a positive out of a negative, and we’ve absolutely flown since then – and I know 2021 is going to be such a massive year for us,” he exclusively told Burnley.co.uk.
Margins Insurance Services has been operating in Padiham for 40 years. Mr Applegate explained that whilst it has a fantastic reputation, he wanted to “take the company to the next level”. He sees Padiham as the perfect base for this.