Industry/sector: Financial and professional services
Date founded: 1962
The boss: Kevin Jarman
Latest turnover: 27.6m
Three-year compound growth rate (%): 41.01
Latest EBITDA: 9m
MatthewsDaniel primarily provides services for the insurance market. Its loss adjusting activities include incident investigations, root cause analysis, damage and reinstatement assessment and cost estimation. Also, its risk assessment portfolio focuses especially on marine warranty surveying activities for both offshore projects and rigs.
The business was acquired by French inspections expert Bureau Veritas in September 2014. The acquisition of MatthewsDaniel was a strategic move for Bureau Veritas, providing a platform to enter the loss adjusting market and to further develop its risk assessment activities with access to new markets, especially in the insurance sector, according to the company.
The board of MatthewsDaniel claimed that this development presented a unique opportunity to enhance the company’s scope of services to clients through its geographical diversification. It also maintained that through Bureau Veritas, it would gain access to a greater depth of resources, ranging from in-house laboratories to engineering expertise.
Since then, London-based MatthewsDaniel has started operating across Europe, the Middle East, Asia and the Americas, and employs more than 150 people.