Local claims company 'motors' ahead
Bosses at Blackpool-based motor claims specialist Ai Claims Solutions are in top gear for a record-breaking year.
After securing a further £15m capital facility from Yorkshire Bank the South Shore firm is confident of reaching a turnover of around £130m for 2011.
This is up from this year's expected turnover of £85m, a 52 per cent rise on last year's performance.
The company has more than 450 employees and is one of the largest private sector employers on the Fylde.
Originally started in 1991, the company has been listed on the Alternative Investment Market (AIM) since December 1999.
It manages motor claims from the initial incident through to final resolution, including replacement vehicles and repairs, for several of the leading insurance companies, brokers, and automotive businesses across the UK.
Peter Harrison, chief financial officer at Ai Claims Solutions, said:
"We have expanded rapidly over the last couple of years and made substantial investment in our systems and infrastructure, including the completion of a £4m investment in our claims administration system.
"Our new working capital facility enables us to continue our expansion.
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