Turnover rockets at PPI claims business

TURNOVER jumped 64 per cent at the payment protection insurance claims company set up by the family behind debt brokerage firm Yes Loan, which was stripped of its operating licence in 2012.

Accounts for the year ending October 31, 2015, for We Fight Any Claim show sales jumped from £17.4million to £27million while pre-tax profits rose from £4.1million to £5.6million.

The company is preparing a High Court action against the Financial Ombudsman over its handling of complaints for PPI on credit cards following claims that it has refused compensation to thousands of people allegedly mis-sold policies.