Sales spike at Ai Claims
NEW contracts have helped drive half-year sales at Blackpool motor claims specialist Ai Claims Solutions.
The firm said sales jumped 57% to £60m in the six months to December while pre-tax profit doubled to £1.6m.
The AIM-listed business manages motor claims for insurance companies, brokers, bodyshops and fleet companies.
It said a “significant” new scheme along with several smaller contract wins were behind the jump in profits.
The extra work has required more capital which increased the company’s debt level from £19.4m in June to £23m, within the group’s £30m overdraft facility.
The board has agreed an interim dividend of 0.33p per share, up 13.8%.
