Quindell Portfolio secures new agreement with Honda

AIM-listed Quindell Portfolio, the provider of software, consultancy and technology has announced a new agreement with Honda to handle a range of accident management services for the motor manufacturer's UK customers.

AIM-listed Quindell Portfolio, the provider of software, consultancy and technology has announced a new agreement with Honda to handle a range of accident management services for the motor manufacturer's UK customers.

Quindell Portfolio said that the contract followed a period of co-operation which started in January 2013 and said that it expected group revenues to build to a significant level during the three-year term. Under the terms of the agreement, Quindell said it would deliver a range of accident management services to Honda customers.

Marcus Comfort, Aftersales Programmes Manager at Honda (UK) commented: "Quindell have created a compelling proposition for Honda, and we believe the partnership will deliver an improved customer experience."

David Sandhu, Group Chief Operating Officer at Quindell, said: "This contract with Honda is one of a number of new clients that we have won so far in the current quarter, due to our continued focus on an ethical approach for the industry."

He added: "These clients in combination represent additional tens of millions per annum in outsourcing revenues for the Group, with a combination of a number of major vehicle manufacturers, accident management companies, major insurers and brokers, which all underpin our confidence in continued growth in 2013 and beyond".

Quindell's share price was up 2.94% to 8.75p at 08:41 on Wednesday.

MF

Recommended

Share tips of the week – 22 October
Share tips

Share tips of the week – 22 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
22 Oct 2021
Three dividend stocks from the dynamic Asia/Pacific region
Share tips

Three dividend stocks from the dynamic Asia/Pacific region

Professional investor Sat Duhra of the Henderson Far East Income investment trust highlights three of his favourite stocks.
18 Oct 2021
Share tips of the week – 15 October
Share tips

Share tips of the week – 15 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
15 Oct 2021
Trading: stash the family cash in this cheap wealth management firm
Trading

Trading: stash the family cash in this cheap wealth management firm

Wealth management is a growth market. Rathbone Brothers should be a prime beneficiary – and looks cheap. Matthew Partridge explains the best way to pl…
12 Oct 2021

Most Popular

How to invest as we move to a hydrogen economy
Energy

How to invest as we move to a hydrogen economy

The government has started to roll out its plans for switching us over from fossil fuels to hydrogen and renewable energy. Should investors buy in? St…
8 Oct 2021
Properties for sale for around £1m
Houses for sale

Properties for sale for around £1m

From a stone-built farmhouse in the Snowdonia National Park, to a Victorian terraced house close to London’s Regent’s Canal, eight of the best propert…
15 Oct 2021
How to invest in SMRs – the future of green energy
Energy

How to invest in SMRs – the future of green energy

The UK’s electricity supply needs to be more robust for days when the wind doesn’t blow. We need nuclear power, says Dominic Frisby. And the future of…
6 Oct 2021