Nine-fold increase in profit for insurance outsourcing company
Insurance outsourcing company Quindell Portfolio, which last year acquired personal injury firms Silverbeck Rymer, Pinto Potts and The Compensation Lawyers, as well as claims management companies Intelligent Claims Management and Abstract Legal Holdings, the parent company of Accident Advice Helpline, has notched up a more than nine-fold increase in profits. Its annual report, published this week, showed pre-tax profits of £41.2m and a £171.9m turnover with legal services making up £34.4m in sales. In 2011, its pre-tax profits were £4.1m. Chairman Rob Terry said the company was “looking to grow organically with new clients”.
