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Profitable claims Let’s start with a closer look at Quindell’s profits. During the first half of this year, Quindell reported adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of £156m. Of this, £101m (65%) came from Quindell’s Legal Services division, which handles compensation claims, while a further £14.2m (9.1%) came from its Health Services operations, most of which are linked to the personal injury claims handled by Quindell’s legal services division. In other words, 74% of Quindell’s profits were derived from compensation claims during the first half of this year, making it clear that this is currently Quindell’s main line of business. This is a cause for concern for some investors, who question its sustainability.
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