Ai Claims sees slip in profit and revenue

Mechanic fixing engine

Ai Claims Solutions has reported a fall in profit to £858,000 in the six months to December 2011 compared to £1.2m in the same period of 2010.

The accident management company also saw total revenue fall 21% from £60.1m in the comparable six months period a year ago to £47.5m in 2011.

The company also highlighted that net debt had been reduced by £3.2m to £19.1m in the six month period of last year.

Steve Broughton, chairman at Ai Claims commented: "Ai Claims has delivered a creditable first half performance in challenging market conditions.

"We had already flagged the likely impact on our revenues of warmer than average winter weather

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