BBC Star Theo Paphitis revealed the part he played in Plan Insurance’s success, as he officially opened the company’s new offices this week.
The business moved to their brand new premises in Redhill at the beginning of February, relocating after 12 successful years in Purley, with ambitions of significantly growing its taxi, motor trade and construction accounts.
The family owned brokerage currently arranges Gross Written Premium of over £20 million and employs 90 staff, with the ambition to double those figures within the next 10 years.
When the Thatcher Government granted council tenants the right to buy their homes in the early 1980’s, Peter Georgiades needed financial advice. A young Theo Paphitis, who was working at Legal & General at the time, provided the necessary guidance and arranged a suitable mortgage.
Then in 1989, when Peter and his eldest son Scott Georgiades were seeking to establish their insurance business, the equity from that house purchase was used to fund their start-up.
Invited as a guest of honour, Theo Paphitis unveiled a plaque which takes pride of place on the wall in Plan’s new office. He commented; “Being in Redhill, opening these fantastic offices, and hearing about how the business has grown is unbelievable. It epitomises everything I believe in about small businesses, family businesses. It’s about getting up and just doing it, as opposed to spending forever planning it.”
MD Grant Georgiades said; “We are very proud that Theo joined us to launch the new offices. Both his incredible success and dedication to promoting SME’s are inspirational. Theo’s philosophy of keeping things simple is essentially what Plan has been built on, and will continue to stand us in good stead as we grow.”