Courmacs Legal builds massive funding reserves to accelerate its fast-growing claims operation
Courmacs Legal, one of the largest high-volume claims firms in the country, has secured more than £200 million in litigation funding as it prepares for another phase of rapid expansion. Newly published accounts for the financial year ending 28 February 2025 reveal a dramatic rise in long-term borrowing, which increased from £11.1 million to almost £217 million.
The Blackburn-based firm also reported a substantial increase in total assets, rising from £17.8 million to £198 million. Most of this reflects work in progress, which grew from £15.5 million to almost £177 million over the period. However, short-term liabilities more than doubled to £14 million, leaving the firm with net liabilities of £29.2 million at the end of the financial year.
Courmacs continued to grow its workforce significantly. Staff numbers rose from 14 to 41, and it is understood that further recruitment has taken place since February. The firm relied heavily on external finance throughout the year. In September 2024, it entered into a new fixed charge arrangement with investment company Eram Capital Partners, which now provides considerable financial backing for continued expansion across multiple claim sectors.
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According to data published on its website, Courmacs has received instructions from more than 1.6 million clients since 2023, generating in excess of 3.5 million claims. Darren Smith, managing director of the firm, said Courmacs remained committed to representing consumers on a national scale. He said the firm was proud of its origins in the north west and proud to represent millions of clients in claims ranging from motor finance mis-selling to housing repairs.
Smith said the firm’s published accounts demonstrated the scale of its ambition. He said litigation funding enabled Courmacs to challenge major financial institutions on behalf of consumers and ensured access to justice for those seeking compensation. He added that the firm intended to act for even more consumers in 2026 and would hire additional lawyers and support staff.
Courmacs has been a prominent voice in the national debate on motor finance mis-selling. The firm is understood to have around 1.5 million claimants with potential entitlement to compensation relating to historic commission arrangements. Smith recently criticised the Financial Conduct Authority’s decision to cap simple interest on compensation at 2.07 percent and said the approach did not reflect the true scale of the losses incurred by consumers.
The firm also undertakes housing disrepair work, mis-sold pension claims and business energy cases. Courmacs was incorporated in February 2021 and has quickly become a major presence in the consumer claims market.
As part of its continuing growth, Courmacs has appointed Courtney Lawson as the new head of PCP personal contract purchase. She qualified as a solicitor last year and has experience in consumer rights litigation. She will lead one of the firm’s most significant practice areas.