Question to the Ministry of Justice:
To ask Her Majesty’s Government how many claims management companies were struck off in each year since 2005.
The Department’s Claims Management Regulation Unit has taken a range of enforcement actions against claims management companies (CMCs) that have breached the conduct rules to which they are subject. These include statutory action to cancel a CMC’s authorisation. The table below shows the number of CMCs that have had their authorisation cancelled each year since 2007, alongside the number of CMCs that were authorised.
Year | Total no. of authorised CMCs (at year end) | Authorisation cancelled |
2007-08 | 1,740 | 1 |
2008-09 | 2,637 | 93 |
2009-10 | 3,122 | 35 |
2010-11 | 3,213 | 349 |
2011-12 | 3,007 | 260 |
2012-13 | 2,693 | 211 |
2013-14 | 2,097 | 198 |