Quindell (QPP) announced just before its AGM a mammoth and instantaneous change of business in its largest division (Quindell Legal Services, QLS) a – shift into industrial deafness. I find its numbers startling and would like to know the assumptions that it makes to justify its claims.
Quindell has claimed that as of June it will be generating 75% of divisional profits ( and QLS is 75% of group profits) by processing 6,000 deafness claims a month on which it will earn an average fee of £9,000 with most cases settling in 9-12 months. It says that it will source business from clinics who do an initial pre-screen. Okay. That sounds great. Until you start talking to folks who have been operating in this sector for years. Which I have been doing all day.
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