Sold. Accident Management Claims Company

Accident Management Claims Company

Ref.CG061
Location Blackburn, Lancashire
Asking Price £ 129,500 inc. Book Debt

This is a business that was established in 2006 as an accident claims management company that has grown with a multiple income stream from related services. They now offer their clients a full vehicle recovery service plus vehicle storage and replacement vehicle. They also deal with personal injuries including criminal and industrial plus most recently they are providing a debt management service to clients.

The vehicle accident management gives a genuine 24 hour recovery service to their clients storing the vehicles securely at no extra cost to the claimant and provides them with a like for like vehicle which include commercials and taxis. They then appoint a local solicitor who recovers all of the losses including compensation for personal injuries, vehicle damage, storage costs and hire charges.

The recently formed debt management company has entered into an agreement with a local firm of financial advisors who pay varying fees for referrals depending on the nature of the individual debt. These can vary from IVA claims, Bankruptcy assistance debt management agreements and Mortgage Advice.

The company works with a small team of self employed agents who work on a commission only basis, has low overheads and has an up to date Consumer Credit License. This is a business which has quickly established itself, solely through the efforts of the current vendor. It is primed for quick growth, and with the right new owners and an increased infrastructure in place the business can go to the next level.

Expansion Potential
The company have targeted areas in which growth is forecast over the coming years. Debt continues to soar and has become a major national problem. They are now reaching the stage where they have more enquiries than they can handle and need to expand their infrastructure to cope with demand. The agreement with a well known local financial advisor pays the company an immediate fee for case referrals depending on the nature of the client.

Accident management claims continue to increase and the company have increased their services over the years to take advantage of vehicle storage and vehicle hire to their customers, who are only too happy to make life as easy as possible for themselves.

The business also has the potential to start a self drive hire department and measures have been put in place by the current owners to allow this. There is little competition in and around the Blackburn area for prestige/chauffer rental companies and a prospective buyer would be gaining a firm foothold in a highly lucrative niche market.