Winn Group toasts profit growth despite personal injury sector challenges
Newcastle law firm Winn Group has described another year of "solid growth" with sizeable profit growth on the back of road traffic collision work.
The Byker-based accident management specialist, which operates brands including Winn Solicitors, Winn National Accident Specialists, Winns Wills, On Hire and On Insurance, saw operating profits boosted 53% to £35.2m in year to the end of March. Changes to the way turnover is reported by the group mean new accounts filed at Companies House show a fall from £235m in 2023 to £190m during the period, though on a like-for-like basis revenue actually increased by 27%.
The growth came as Winn significantly boosted its manpower, adding 140 people to its workforce which now stands at 671. Bosses said it had been challenging time for the personal injury claims market, following the introduction of the Civil Liability Bill in 2021, bringing restructuring and consolidation across the sector. Winn said its relationships with insurers and brokers has helped, with CEO Chris Birkett pointing out the group now has about 60% of the motor claims market covered.
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