Six years is a long time in a fast-moving consolidator. When Tim Money joined Clear Group as chief financial officer, the business had 200 staff and £5m in EBITDA. He leaves at the end of June 2026 with headcount above 1,200, EBITDA at £70m and 40 acquisitions behind it.
The numbers tell a story of sustained and deliberate expansion. Clear reported 11% organic growth in the first quarter of 2025, with revenue rising 24.5% to £93 million and adjusted EBITDA up 45.8% to £27.7 million for the year ending October 2024.
The group has grown from a UK retail broker into a multi-line insurance group operating across retail, MGA and London market segments, with a presence in Ireland and plans for continental Europe.
Money said the timing of his departure was his own decision.
“I have decided that it is time for me to move on to new opportunities,” he said. “I have hugely enjoyed my time at Clear Group, in particular working with such a talented and inspirational team of colleagues.”
Clear Group has moved quickly on succession. Nathan Bavidge will step into the CFO role, joining from Three Rock Group where he serves as CFO with oversight of Chill Insurance, Quote Devil Insurance and Ivernia MGA. His earlier career spans finance, risk, strategy and M&A roles at Policy Expert, Compare The Market, BGL Group and Direct Line Group.
Mike Edgeley, chief executive of Clear Group, said Bavidge’s background across insurance distribution and underwriting made him a strong fit for the group’s next phase.
“Nathan brings a strong combination of financial, operational and strategic expertise, together with deep sector experience across insurance distribution and underwriting businesses,” Edgeley said. “His track record of optimising data and technology to enhance long term value creation, alongside his commitment to team development, makes him an excellent fit for Clear Group.”
Bavidge said he was stepping into a business with clear momentum.
“Clear has built an impressive reputation in the market, underpinned by strong culture, entrepreneurialism and a clear strategic vision,” he said. “I look forward to working with Mike and the wider leadership team to help support the next phase of the Group’s growth.”
Edgeley said Money had been central to building the financial infrastructure that underpinned the group’s growth.
“He has had a significant impact on Clear’s growth and has been instrumental in helping us move from £5m to £70m of EBITDA, from 200 to more than 1,200 colleagues, completing 40 acquisitions and building a highly valued and professional Finance function,” Edgeley said.
Clear has not slowed its deal-making as the transition unfolds. Its most recent acquisition added Spence Insurance, an independent broker based in Scotland’s Central Belt, extending the group’s regional presence across the UK. The deal is part of a run of transactions that has taken Clear into specialist segments, new geographies and the appointed representative market.
This operational breadth has also grown more structured. In May 2025, Clear consolidated its MGA operations under the Shape Underwriting brand, bringing Profile Underwriting and One Commercial Specialty into a unified platform. The move was designed to sharpen the group’s underwriting capability as it scales.
Edgeley added that the group’s forthcoming financial results would demonstrate another strong performance. He said Money had played a key role in delivering them in line with the group’s strategic objectives.
