Barker Securities the new owner of personal injuries company Claims Direct is in discussion with Simon Ware-Lane, a private investor, that could see him acquiring its majority shareholding and control of the company.
In a statement to the London Stock Exchange yesterday, Ware-Lane confirmed he was in discussions ‘that may or may not lead to the acquisition of shares in Claims Direct, currently controlled by Barker Securities’.
He said negotiations would conclude shortly, followed by further a announcement.
Tony Sullman and Colin Poole, co-founders of Claims Direct, formed Barker Securities in order to bid for the control of the company. Last week their offer of 10p a share was accepted by shareholders giving the pair a 55% controlling share.
At the time a spokesman for KPMG Corporate Finance, the firm that brokered the deal, told AccountancyAge.com that Sullman and Poole would be willing to sell their shareholding to investors prepared to match their 10p per share offering.
The 39-year-old Ware-Lane already owns a 4.5% stake in Claims Direct and has a stake in rival company Claimline. According to media speculation, there is the possibility that Ware-Lane may reverse Claimline into Claims Direct, a listed company.
Claims Direct shares were last trading at 9.75p.
Links
Barker Securities wins control of Claims Direct
The numbers you crunch tell a story. Your expertis...
23yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article