Company name: Parabis
What they do: Claims handling for insurers
The boss: Tim Oliver
Latest turnover (£,000): 17,646
Four-year compound sales growth (%): 53
Latest Ebitda (£,000): 1,659
Crash your car and you’ve got a chance of talking to one of Parabis’ employees. The firm handles claims for insurance firms, bringing together lawyers and rehabilitation professionals under one roof.
Chief executive Tim Oliver says: “What sets us apart isn’t just cost, it’s quality. We have thought about the entire process, so that from day one, hour one, the customer is put on a smooth path which will process their claim through to settlement as soon as possible.”
Growth has been organic, helped by a handful of small acquisitions, and may even speed up now that Duke Street private equity has taken a majority share in Parabis.
“Duke Street may give us the finance we need to grow in currently non-core areas,” says Oliver, who will remain chief executive.
The Hot 100 2012 is brought to you by Investec, Jordans, Cass Business School and Your Business Your Future.
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