Quindell claims PI crown after posting large growth figures for the first half of 2014

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Quindell has posted strong trading results for the first half of 2014, showing that the claims outsourcer has increased its revenue by 119% to £357.3 million compared to the same period in 2013.

The results have prompted the group’s chairman, Rob Terry, who recently stepped down as CEO, to claims that Quindell was now “the largest personal injury legal business in the UK” and the biggest public company law firm in the world.

He said that approximately 90% of the revenue made in the last six months had been organic, and that only 10% had been made from acquisitions completed over the previous 12 months.

Terry added that Quindell had now established itself as “a market leading and global provider” of legal, health and business process services.

“With approaching 3,000 staff in the UK and more than a further 1,000 staff globally, the Group is now servicing over 600,000 consumers each year,” he said.

He also said that Quindell Business Process Services was one of the top three credit hire and repair network managers in the UK and that Quindell Health Services was amongst the top three personal injury related health businesses in both the UK and Canada.

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Marek Handzel

Marek Handzel is the editor of Claims Magazine. Marek welcomes articles, letters, or feedback from readers and can be reached by emailing marek.handzel@barkerbrooks.co.uk