2021 T/O £254,340 2021
Net Profit c£85,000
Medco Portal Member
Access to 130 Medical Experts
Ideal Bolt-on or Stand-Alone
Strong YoY Growth
Offers invited for 100% Share Purchase
The Business:
An opportunity to acquire a Tier 2 Medical Reporting Organisation (MRO) providing nationwide services. The agency provides medical reports in soft tissue injury claims brought under the RTA Pre-Action Protocol for Low Value Personal Injury Claims. The agency is experienced in dealing with Medco instructions, for which they have been successfully audited.
In addition, the agency provides a consistent and reliable medico-legal services to solicitors as and claimants via their panel of over 130 medical experts. To drive growth the business has started taking on specialised secondary reports such as Orthopaedic and Clinical Psychology, which results in greater profit margins.
Customers:
As the agency acts as a middle chain management service, the majority of income is generated via the Medco portal. They also have long term relationship with Solicitors and GP’s.
Staff:
The Owner/Director who is a GP himself, overseas the business spending only 1 day per month in the business. 1 x full time Case Handlers deal with the day-to-day operations, as well as reviewing the reports sent back from the medical experts for the managed cases. One of the Directors covers adhoc annual leave. This setup is more than sufficient to ensure the smooth running of the business.
Premises:
The agency rents an all-inclusive small office with the ability to move if an incoming purchaser would prefer to relocate the business.
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