MBO at IMS

Andy and Louise Tunnicliffe are pleased to announce the handover of Incident Management Solutions Ltd (IMS) to a new management team led by its current Managing Director, Simon Young. The management buyout (MBO) will incentivise the business to continue to do well.

The business, which employs a team of more than 80 staff, was established in 2006 and is based in Bedford. IMS provide a range of tailored accident repair management services to major UK insurers which helps individuals and businesses progress their motor insurance claims.

Their bespoke and customer-centric process is built around a system called Incident 2 Resolution (I2R). I2R is designed to make the process of managing a vehicle which is moving through the insurance claim process as easy and efficient as possible. Services include: Repair Management; Total Loss Handling; supplier vetting, management and payment; and acting as liaison between insurer, customer and suppliers.

Andy and Louise will retain a minority shareholding in the company but cease their involvement in day-to-day operations as they wish to retire.

Commenting on the buyout, Simon Young said:

“Having been one of the founders of the business alongside Andy and Lou, I’m delighted to be leading the MBO along with my team. This secures the future and growth of the company, and we look forward to continuing to provide a high quality of service to our insurer customers, suppliers and vehicle owners.”

Legal advice was provided by Adam Bradley and Lizzie Wilson of Taylor Vinters LLP.

For more information, please contact Shaun Nichols, Marketing Co-ordinator at PEM Corporate Finance, on 01223 728 280 or shaun@pemcf.com