B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
PPI Claims News
1. Gladstone Brookes Profits Soar
The claims management firm Gladstone Brookes submitted their accounts to Companies House
on the 9th March 2011 for their yearend 31st July 2010 which saw the companys profits soar from
the previous two years.
We will appear at the figures in more detail and give you our thoughts on the causes why and also
in
our opinion if they are sustainable in the future.
In 2009 the firm returned a profit of 268,409 according to their profit and loss statement but
in 2010 they changed this to a profit of 1,405,178 which for any enterprise is wonderful news but
bear in mind what marketplace they are in and how they are managing to make such large
earnings.
This 1,405,178 in profit is largely made up of their activities in the claims management sector
where they represent clients in the principal for becoming mis sold ppi. So what is incorrect with
this? Well the
reality of the matter is they work on a no win no fee basis so the majority if not all of the earnings
derived from being profitable in reclaiming customers money.
Gladstone Brookes charges clients an astonishing 25% for the privilege of employing their claims
management service which clients need to take a critical look at to support them retain more of the
compensation they had been awarded to themselves. So how do they do that?
Quite basic go to google and kind in ppi claims for 15% or do a search in google for ppi claim and
search via then till you find a cheaper claims management business.
Depending on the size of your claim this could save you hundreds if not thousands of pounds as
several firms will only charge you 15% of your compensation.
Remember it is your funds that is increasing this companys profit margin and for PPI you could do
the method your self without the aid of any claims management organization and with the
Financial
Ombudsman upholding 99% of mis sold ppi complaints in the final quarter so you can see there is
no
magic formula to becoming successful.
Ask yourself this question.
Do you walk out of the property and via ten% of your wages or financial savings in the air each
and every single day?
And the answer is no so why would you pay a company 25% when you can either do the
procedure by
your self or find a more affordable business to do it for you? Think about it seriously due to the fact
you could be
adding thousands to this firms earnings when there is no need to.
In my humble opinion Gladstone Brookes must minimize their charges for ppi claims but not
necessarily for mortgage claims as these are a lot more complex than ppi. So make your choice
2. nowadays and keep much more of your tough earned money rather than throwing it away.
ppi claims