£0 £1000000
£0 £1000000

For Sale

Well established Claims Management business for sale

Glasgow, Lanarkshire

  • Asking Price: £345,000 +SAV
  • Turnover: We are advised as per the 2020 accounts, the business generated a turnover in the region of £420,000, with an adjusted net profit in the region of £120,000. Full financials can be made available upon further request. 

    Please quote reference B06333

  • Tenure: Business Only

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Please quote reference B06333

Hilton Smythe is delighted to welcome to the market on a business only basis an extremely well set up and easy to run claims management company with excellent potential to grow.

Claim Solutions Scotland Ltd has been under the careful and meticulous ownership of our client for the last 10 years and who have grown the business to where it finds itself today. The business has only now been introduced to the market for sale as our client looks to pursue other business interests.

The sale of the business includes -

  • Website
  • Client list
  • Future work in progress
  • Computers and office equipment (if required) 
  • Marketing campaigns, software and digital assets
  • Advanced automated system set up
  • Digital Assets
The business introduces clients to law firms or organisations who will process claims for compensation. They specialise in personal injury clients but have also had some success with financial claims such as mis-sold pensions. The bulk of work is road traffic accidents and workplace accidents. They generate income as they receive payment from law firms up front as an initial payment and then when the claims are settled.

The business has invested heavily in system development with a huge automation drive last year which attracted HMRC tax relief for innovation. They decided to use the slight drop in volumes the pandemic created as an opportunity to use that time to innovate and improve their processes and systems to ensure that when the pre pandemic levels returned that they were highly efficient and that costs would be minimised.

They have created an automated process by using a third party off the shelf CRM system combined with unique automation tools, codes, and development to create an automated pipeline which takes the client from introduction through to settlement. Most of this is entirely hands off and deals with the initial lead email, call recording, click to call, calendar management, e-sign management, billing, reporting, and various email campaigns designed to warm clients up (win back, refer a friend, testimonials but to name but just a few). All this has led to the business having an active database of 7800 contacts who are people that made enquiries on advertising landing pages or contacted them directly to make an enquiry. These can be marketed for additional work and effectively a free source of future business. In addition, the business website main page has somewhere in the region of 250+ pages of unique SEO content that was created by marketers at a high cost over a number of years, with the business further benefiting from having the relevant FCA licences in place along with a strong pipeline of work in progress based on the current open claims they have pending with various law firms.

We feel there is scope to increase the turnover by introducing some further services and undertaking a robust marketing campaign via local press and social media, along with further promotion of the dedicated website to help increase the client list.

Very rarely do such well-established businesses come to the open market on a business only basis, therefore early enquiries must come highly recommended to avoid disappointment.

We are advised that the business has 1 full-time and 1 part-time staff members. 

The business is trading 24/7.

The business is currently located in the major Scottish city of Glasgow. Due to the nature of the sale the business could be relocated to any location within the UK.

N/A

Tenure
We are advised that the business is being sold on a Buisness Only basis. 

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