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Hot 100 2013 – 10: Parabis

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The basics

Company name: Parabis
What they do: Claims handling for insurers
Headquarters: Croydon
The Boss: Tim Oliver

The financials

Latest turnover (£,000): 25,738
Four-year compound sales growth (%): 69
Latest Ebitda (£,000): 1,987

The details

Launched in 2000 by lawyer Tim Oliver, Parabis handles claims for insurance firms, bringing together lawyers and rehabilitation professionals. Last year, the company sold a majority stake in its business to private equity house Duke Street, handing it a war chest of around £50m to fund ambitious expansion plans.

This year, the company announced plans to merge part its Plexus Law business with insurance dispute resolution firm Greenwoods. “This is a great deal for both firms,” says Parabis chief exec and Plexus senior partner Tim Oliver. “Together we have greater strength in depth and capability the better to serve our clients in this rapidly-developing market.”

Sales have soared from £5.3m to £25.7m over the past four years.

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