TRADEX.
TRADEX is a UK specialist insurance broker (trading name of Clegg Gifford & Co Limited within Markerstudy Group) providing motor trade, taxi, commercial vehicle, and unusual-risk insurance to approximately 40,000 taxi drivers and motor trade SMBs across six product categories.
- Company typePrivate
- Founded1968
- HeadquartersRomford, United Kingdom
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What TRADEX. does
TRADEX is a UK specialist insurance broker operating as a trading name of Clegg Gifford & Co Limited, a private limited company founded in 1968 that subsequently acquired Lloyd's broker status and is part of the Markerstudy Group. The firm focuses on motor trade and taxi insurance, serving approximately 40,000 taxi customers alongside a long tail of motor trade professionals including car dealers, mechanics, crash repairers, valeters, tyre and exhaust fitters, windscreen fitters, breakdown operators, vehicle assessors, breakers yards, and repossession agents. It positions itself as a "flexible insurer of the unique," placing difficult-to-cover risks that mainstream insurers typically decline, including part-time traders with no minimum MID threshold, young drivers under 25, unusual vehicle types (ice cream vans, road trains, amphibious vehicles, on-location film vehicles), and high-net-worth personalities. The company's product portfolio spans six categories: motor trade insurance (traders, minder, and enthusiast policies), taxi insurance (private/public hire, hackney carriage, minibus, road train, chauffeur, taxi fleet), commercial vehicle insurance (courier, catering van, skip hire), unusual insurance, home fleet/multi-vehicle insurance, and liabilities insurance (motor trade, taxi, commercial, event, professional indemnity). Distribution combines direct sales via phone and online quote platforms, a broker portal serving intermediary networks, and a self-service customer portal with Microsoft Authenticator-based two-factor authentication. Revenue is generated through insurance commissions on products placed with insurers, with commission levels disclosed as ranging from approximately 10% on standard motor products to 35% on specialist commercial lines for the London and Lloyd's market, plus administrative fees for delegated authority and policy servicing work. Geographic operations are concentrated in Great Britain, with Northern Ireland explicitly excluded from the service area.
TRADEX. firmographics
Firmographics- Name
- TRADEX.
- Legal name
- Tradex Insurance Services (trading name of Clegg Gifford & Co Limited)
- Website
- https://tradex.com
- Company type
- Private
- Founded year
- 1968
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- TRADEX is a UK specialist insurance broker (trading name of Clegg Gifford & Co Limited within Markerstudy Group) providing motor trade, taxi, commercial vehicle, and unusual-risk insurance to approximately 40,000 taxi drivers and motor trade SMBs across six product categories.
- Ownership category
- akta.pro rank
TRADEX. industry classification
Industry- Product category
- Specialty Insurance Brokerage
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Commercial Auto & Fleet Insurance (FSAJAMAB)
- akta.pro secondary industries
- Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ), Dealer-Sold & F&I Administered Service Contracts (Dealer Obligors) (FSAJALAD)
Keywords
Where TRADEX. is headquartered
LocationHeadquarters
- HQ city
- Romford
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
TRADEX. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Insurance Commission: Tradex Insurance Services is a trading name of Clegg Gifford & Co Limited, an insurance broker. CG is remunerated via commission on products sold on behalf of insurers. Commission levels range from 10% on some motor products to 35% on some specialist commercial lines for London and Lloyd's market. Additional profit-target bonuses may be paid by insurers.
- Administrative Fees: Fees applied on administrative work carried out on policies. The remuneration level is usually in line with the level of work carried out on behalf of the insurer, including accounts, marketing, claims handling, and delegated authority agreements for underwriting.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Motor Trade Insurance - Tailored policies for various motor trade occupations including traders, minders, and enthusiasts. |
| Subscription | Annual | Taxi Insurance - Cover for private/public hire cabs, hackney carriages, minibuses, and taxi fleets. |
| Subscription | Annual | Commercial Vehicle Insurance - Policies for couriers, catering vans, skip hire operators. |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
TRADEX. product offering
Product offeringCore offering
TRADEX is a UK specialist insurance broker placing motor trade, taxi, commercial vehicle, unusual-vehicle, home fleet, and liability covers on behalf of insurers, operating as a trading name of Lloyd's broker Clegg Gifford & Co Limited. Policies are tailored to occupational needs — spanning full-time/part-time motor traders, individual cabbies, taxi fleets, couriers, skip hire, ice cream van operators, breakers yards, repossession agents, and other niche trades — and are supported by customer and broker portals for policy administration and Motor Insurance Database updates.
Product overview
TRADEX is an insurance broker specializing in motor trade and taxi insurance, operating as a trading name of Clegg Gifford & Co Limited (founded 1968, Lloyd's broker). The company offers a comprehensive portfolio of flexible, customizable insurance products organized into six main categories: Motor Trade Insurance (with Traders, Minder, and Enthusiast policy types covering 16 occupation-specific sub-products including car dealers, repairers, breakers yards, and repossession agents), Taxi Insurance (covering 7 vehicle types from black cabs to taxi fleets), Commercial Vehicle Insurance (courier, catering van, and skip hire), Unusual Insurance (ice cream vans, film vehicles, credit hire, and scrap dealers), Home Fleet Insurance (multi-vehicle policies for families and young drivers), and Liabilities Insurance (motor trade, taxi, commercial, event, and professional indemnity). The company serves approximately 40,000 taxi customers and has been operating since 1948. They provide online customer and broker portals for policy management and MID updates, with fully flexible policies tailored to unique requirements.
Differentiator
Problem solved
Functional benefit
Products and services
- Motor Trade Insurance - Traders Policy
- Car Dealer at Premises Insurance
- Commercial Vehicle Importer & Exporter Insurance
- Motor Trade Insurance - Minder Policy
- Mechanical Repairer Insurance
- Crash & Body Repairer Insurance
- Valeting Insurance
- Exhaust & Tyre Fitter Insurance
- Accessory Fitter Insurance
- Windscreen Fitter Insurance
- Breakdown & Recovery Insurance
- Vehicle Delivery / Trade Plate Insurance
- Car Jockey Insurance
- Long Stay Parker Insurance
- Vehicle Assessor Insurance
- Breakers Yard Insurance
- Repossession Agent Insurance
- Motor Trade Insurance - Enthusiast Policy
- Car Dealer at Home Insurance
- Car Restorer & Car Collector Insurance
- Part-time Motor Trade Insurance
- Taxi Insurance
- Private & Public Hire Cab Insurance
- Hackney Carriage and Black Cab Insurance
- Minibus and MPV Insurance
- Road Train Insurance
- Chauffeur Insurance
- Get Me Home Service Insurance
- Taxi Fleet Insurance
- Commercial Vehicle Insurance
- Courier Insurance
- Catering Van Insurance
- Skip Hire Insurance
- Unusual Insurance
- Ice Cream Van Insurance
- On Location Vehicle Insurance
- Credit Hire Insurance
- Scrap Dealer Insurance
- Home Fleet Insurance
- Personalities Insurance
- Young Driver Insurance
- Liabilities Insurance
- Motor Trade Liability Insurance
- Taxi Liability Insurance
- Commercial Liability Insurance
- Event Liability Insurance
- Professional Indemnity Insurance
Quantifiable outcome
- 40,000+ happy cabbies served
- +1 more outcomes
Companies that use TRADEX.
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles4 records
TRADEX. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
TRADEX. partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Clegg Gifford & Co LimitedcoreTradex Insurance Services is a trading name of Clegg Gifford & Co Limited. Clegg Gifford was founded in 1968 as a general insurance broker and later acquired Lloyd's broker status, providing Tradex access to unique insurance markets and ability to place specialist risks.
- Markerstudy GroupcoreClegg Gifford & Co Limited is part of Markerstudy Group, a large insurance group in the UK. This provides Tradex with additional backing and distribution capabilities.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
TRADEX. competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key highlights6 records
Customer concentration
TRADEX. social profiles
Digital presenceTRADEX. financial estimates
Financial estimateRevenue estimate
Valuation estimate
TRADEX. leadership team
Management profileNumber of profiles
Profiles4 records
TRADEX. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TRADEX. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TRADEX.
What does TRADEX. do?
TRADEX is a UK specialist insurance broker placing motor trade, taxi, commercial vehicle, unusual-vehicle, home fleet, and liability covers on behalf of insurers, operating as a trading name of Lloyd's broker Clegg Gifford & Co Limited. Policies are tailored to occupational needs — spanning full-time/part-time motor traders, individual cabbies, taxi fleets, couriers, skip hire, ice cream van operators, breakers yards, repossession agents, and other niche trades — and are supported by customer and broker portals for policy administration and Motor Insurance Database updates.
Is TRADEX. a public or private company?
TRADEX. is a private company. It is classified as corporate owned and is currently operating.
When was TRADEX. founded?
TRADEX. was founded in 1968. It employs 501 to 1,000 people.
Where is TRADEX. based?
TRADEX. is headquartered in Romford, United Kingdom, in the Europe region.
How does TRADEX. make money?
Two revenue lines are on record. Insurance Commission is the primary driver. The others are administrative Fees.
Does TRADEX. have an API?
No public API is recorded for TRADEX..
What industry is TRADEX. in?
TRADEX.'s product category is Specialty Insurance Brokerage. Its primary akta.pro industry code is FSAJAMAB, Commercial Auto & Fleet Insurance, with a secondary code of FSAEADAJ, Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines). Its NAICS code is 5242 and its SIC code is 6411.