Outsourcer reports "exceptional" first half

QUINDELL Portfolio said that it had an “exceptionally strong” first half, achieving turnover of £45m and adjusted earnings of £14.8m.

The outsourcing company which has acquired Blackpool-based crash management company Ai Claims Solutions and Liverpool personal injury law firm Silverbeck Rymer, said the bulk of the growth took place in the second quarter after it made its North West acquisitions.

The firm said that its technology-enabled outsourcing arm, which includes both Ai Claims and Silverbeck Rymer (subject to SRA and FSA approval) also gained its first major new contract worth £120m over the next three years.

In a trading update this morning, Quindell said it “remains extremely confident of meeting market expectations for the full year”.