Annual Report and
Accounts 2006 Highlights of 2006    1
Company Information    2
Chairman’s Statement    3
Chief Executive’s Report    4
Board of Directors    6
Directors’ Report    8
Corporate Governance Report    11
Statement of Directors’ Responsibilities    15
Independent Auditors’ Report to the Members    16
Consolidated Income Statement    18
Consolidated Statement of changes in Shareholders’ Equity    19
Consolidated Balance Sheet    20
Company Balance Sheet    21
Consolidated Cash Flow Statement    22
Notes to the Financial Statements    23
Notice of Annual General Meeting    35
Contents Annual Report and Accounts 2006 1
 Strengthened and realigned Board
 Turnover up 4% from £2.71m to £2.82m
 Pre tax profit declined from a profit of £52k to a loss 
of £62k
 Preparation for launch of new services: ‘Motor Forensic’
and ‘Claims People Recruitment’
 Expansion of consultancy services and range of loss
adjusting services
The Claims People Group plc provides a wide range 
of intelligent and innovative claims related services to the
insurance industry. 
There are currently four primary divisions:
 Loss Adjusting
 Implant Teams
 Motor Forensic
 Recruitment
Highlights of 2006 Directors Frederick John French (Non Executive Chairman)
Graham Cole (Non Executive) – resigned 31 May 2007
Robert Mitchell (Non Executive) – appointed 1 March 2007
Geoff Somervail (Chief Executive) – appointed 1 March 2007
Barry Ian Whyte (Managing Director)
Dominic Boyce (Finance Director)
David Croston (Operations Director)
Secretary Dominic Boyce
Registered office 6 Lloyd’s Avenue
London
EC3N 3AX
Registered number 3922895
Registered auditors Saffery Champness
Chartered Accountants
Lion House
Red Lion Street
London
WC1R 4GB
Nominated advisers and brokers Daniel Stewart & Company
Becket House
36 Old Jewry
London
EC2R 8DD
Solicitors Eversheds
70 Great Bridgewater Street
Manchester
M1 5ES
Bankers HSBC Bank Plc
49 Corn Street
Bristol
BS99 7PP
Registrars Capita Registrars
Northern House
Woodsome Park
Fennabridge
Huddersfield
HD8 0LA
Company Information
Annual Report and Accounts 2006 2 Annual Report and Accounts 2006 3
Along with Geoff Somervail, the Group’s newly appointed CEO, I am pleased to be
able to report on the Group’s results and performance for the financial year to
December 2006. Over the period, turnover increased by 4% to £2.82 million (2005:
£2.71million) and consultancy income lifted significantly to £1,241,846 (2005:
£358,749).
Although initially disappointing, the small loss of £62k (2005: profit of £52k) belies
the positive strides we have made to developing the business overall, and the
Board is greatly encouraged by the outlook of the business.
During the year the Board faced the challenge of balancing the growth of the
consultancy business and rationalising the loss adjusting cost base. The Group
enjoyed the financial benefit of this in the second half of the year – in which Claims
People turned its half year loss of £67k to a loss of £62k at the year end. 
The Board continues to carefully monitor costs and cash-flow, and we believe
additional margin gains are achievable as our level of activity increases.  
As announced on 1 March 2007, and as part of the Board’s plan for the ongoing development of the current
Claims People business, the Group has appointed Geoff Somervail as Chief Executive, with Barry Whyte moving
to the position of Group Managing Director. Robert Mitchell of Bluehone Investments has been appointed as a
Non-Executive Director, effective immediately. Dominic Boyce, the Group Financial Director, is to assume the
added responsibility of Company Secretary from Peter Morgan who is giving up the role due to commitments
outside the Group. The Board also announces that Graham Cole, Non-Executive Director, has stepped down
from the Board with immediate effect due to increasing business commitments elsewhere. I’d like to take this
opportunity to thank all of the directors for their combined efforts during what was a very busy period, and wish
Graham the best for the future.
We are encouraged that new and existing Directors have subscribed for new shares in the Company as part of
the Placing at 1.5p raising a total of £500k. Geoff Somervail has subscribed for 11,121,667 shares, representing
8.16 per cent. of the issued share capital of the Company. Bluehone Investments have subscribed for 4,423,333
new ordinary shares, which increases their holding to 18,089,330 shares, representing 13.27 per cent. of the
issued share capital of the Company. Cornhill Shareholders Limited have subscribed for 11,121,667 new
ordinary shares, representing 8.16 per cent. of the issued share capital of the Company.
Founding Directors Barry Whyte and David Croston have each subscribed for 3,333,333 new ordinary shares
taking their holdings to 8,850,014 shares (6.49 per cent.) and 6,835,014 shares (5.02 per cent.) respectively.  
As highlighted at the time of the Placing, the Board has clearly identified a number of interesting target markets
to accelerate the growth of the Group. I believe the changes, as outlined, will provide the foundations in terms of
management skills and other related resources to enable the Group to capitalise on such opportunities, a
number of which have been identified for exploration.
As always, I wish to thank our employees and shareholders for their continued support.  
JOHN FRENCH
Chairman
31 May 2007
Chairman’s Statement I am pleased to be commenting on my first set of results
since being invited to join the Board of Claims People as
CEO on 1 March 2007.  
The Claims People business is simply about reducing
overall claims costs for insurers; meeting all insurers claims
requirements; providing services that others either can’t or
don’t; adding significant value to the claims process; and
exploiting every profitable niche of the claims market.
In short the strengths of the business lie in its newly
realigned management team and Board (both City and
Sector expertise), as well as factors including its
established position in an expanding market, strong
shareholder base and Blue Chip client portfolio. 
The Group also boasts some of the best technology in the adjusting market.
The Group presents growth opportunities in a number of claims management areas.
Intelligent in-sourcing as well as the more recent trend in out-sourcing, supply chain
claim provision, consultancy, recruitment and enhanced loss adjusting and loss
management products, all have significant opportunities in the vast insurance 
services market.
Operational Overview 
The Group currently comprises the loss adjusting and claims management division
(‘Claims People’); the implant claims solution (‘i-Team’); the sector-leading fatal and
serious injury accident investigation service (‘Motor Forensic’), and the unique claims-
specific recruitment agency (‘Claims People Recruitment’).
Conditions for traditional loss adjusting remained exceptionally quiet throughout 2006
within the UK, despite major incidents elsewhere in the world. Arrangements with
significant trading partners also proved somewhat disappointing as a direct consequence
of the benign local climatic conditions. However, the flat market conditions did not
prevent the Group from increasingly deploying its resources into the consultancy area
under its ‘i-Team’ branding. This service supplies ‘implant’ teams to clients in order to
facilitate the maintenance of service standards.
Due to the high standards of performance that the Group was able to deliver in
consultancy, initial contracts were extended and enlarged, thus revenues exceeded 
our preliminary expectations, offsetting the reduced loss adjusting income.
Chief Executive’s Report
Annual Report and Accounts 2006 4 Industry Perspective
The era of consolidation in the UK Insurance Industry is continuing in the claims
management and loss adjustment arena. 
The use by Insurers of the ‘supply chain’ for goods and services, to the detriment of loss
adjusters, continued during the year although niches undoubtedly remain to be filled by
innovative players. Overall, it has become increasingly clear that the employment of
adjusters by Insurers is now reserved for more significant losses where adjusters may
best demonstrate their value. Indeed, the demand for high level technical skills is
increasing. The Group has innovative products and services, which, in my opinion, allow
for growth in these conditions.
Blue Chip Client List
The Group continues to enjoy the support of a number of Blue Chip clients including
HSBC, Capita, Royal & SunAlliance and BT.
Conclusion
Finally, I would like to thank Barry Whyte for his considerable contribution as Chief
Executive and look forward to working with him as Group Managing Director, allowing
me to concentrate on the demands of my new role as Chief Executive.
From its initial foundation, Claims People has always strived to be innovative and to
bring intelligent products to the UK claims market. Now, more clearly than ever, the
Group is pressing forward with interesting new developments in both the Claims
Recruitment and Motor Sectors. The strengthened Board is also exploring a number of
other potential claims related markets in our continued process of diversification, and I
look forward in working alongside the team to grow the business to the next level. 
GEOFF SOMERVAIL
Chief Executive
31 May 2007
Annual Report and Accounts 2006 5 F John French 
Non-executive Chairman
Duties include investor relations, membership of the Remuneration
Committee and the Audit Committee.  
John French has had extensive experience in many aspects of
corporate management and fundraising with a demonstrable forty
year track record in advising and leading PLC’s and growth
businesses within a variety of sectors. With six current directorships
held at companies operating in industries ranging from defence through to healthcare
coupled with a position on the PLUS Advisory Panel, he has provided regular
commentary and opinion at both Trade and City forums, as well as to the National and
International media.
Graham Cole 
Non-executive Director
Chairman of the Audit Committee and member of the Remuneration
Committee.
Graham, a chartered accountant, was formerly a partner in Coopers
& Lybrand, Chartered Accountants and a director of Beeson Gregory
Group plc. He currently specialises in advising growth companies
and acts as non-executive director for a number of listed companies.
Graham was the recipient in 2002 of the Life Time Achievement Award for services to
the Mid-Cap plc market.
Robert Mitchell 
Non-executive Director
Chairman of the Remuneration Committee and member of the Audit
Committee.
Robert began his career at Throgmorton Investment Management in
1987. In 1995, Robert joined F&C Asset Management plc (formerly
ISIS Asset Management plc) to help launch the AiM Trust and then
assist in its management. He was then responsible for launching and
managing The AiM VCT and  AiM VCT2 as well as managing The Discovery Trust plc. 
In 2005 Robert left F&C along with two colleagues to form the new specialist smaller
companies investment boutique Bluehone Investors LLP. Bluehone’s initial clients are
Active Capital Trust, The AiM VCT, AiM VCT2 and the F&C Private Equity Trust ‘C’ share
portfolio (formerly The Discovery Trust).
Board of Directors
Annual Report and Accounts 2006 6 Geoff Somervail 
Chief Executive 
Responsible for the overall strategic direction and development of
the group and actively involved in the marketing of its services.  
Geoff was one of the prime movers in developing insurance supply
chain activities. He was Managing Director and majority shareholder
of Claim Control Consultants Ltd (CCC) who became the largest IT
claim validation, repair and replacement organisation until its sale in
2003. CCC was twice in the Sunday Times Fastrack 100.
Barry Whyte ACII, FCILA 
Managing Director
Responsible for the overall control and development of the group
and the co-founder of The Claims People Group plc.
A leading UK Chartered Loss Adjuster, he founded the Claims
People Group plc following a successful career as Managing Director
of Miller Knight Ltd (subsequently Miller-Fisher), formerly one of the
UK’s leading claims management companies. 
Dominic Boyce FCCA 
Finance Director and Corporate Secretary
Responsible for the financial management and corporate secretarial
duties of the group. He is a member of the Remuneration
Committee and an adviser to the audit committee.
Previously a founding partner of an accounting firm in Trinidad and
subsequently Finance Manager with Alwen Hough Johnson Limited,
Reinsurance Brokers in London.
David Croston ACII, FCILA 
Operations Director
David has both operational and business development
responsibilities and particular responsibility for the Loss Adjusting
and Motor Forensic divisions.
With over 25 years insurance claims experience, he worked for a
major composite insurer before qualifying as a Chartered Loss
Adjuster and was Operations Director at a major adjusting house,
before becoming a co-founder of The Claims People Group plc.
Annual Report and Accounts 2006 7 The Directors submit their report and the audited financial statements of The Claims
People Group Plc and its subsidiaries for the year ended 31 December 2006.
Review of the year and enhanced business review
Principal activities and strategy
The Group’s principal activity is to provide a range of claims related services to the
insurance market.
The Group’s strategy is to grow through introducing new products and services, as well
as by acquisition.
Review of the year
Turnover increased by 4% over the prior year, with a small loss of £62,000. The second
half of the year was marginally profitable.
Trade receivables increased by £522,000 or by 114% due mainly to large payments from
clients being delayed. This also caused the group to operate in an overdraft position at
the end of the year. This was rectified after the year end.
Principal risks and uncertainties
The client base for our consultancy service is narrow, and the group is constantly
marketing this service to ensure continuity of operations.
The traditional loss adjusting market is shrinking, and the lack of weather catastrophes
reduced weather related claims in 2006. The Group has been diversifying its adjusting
product base to reduce reliance on weather related losses, as well as introducing new
products to the market.
Key performance indicators
The Group manages the business by reference to a number of key performance
indicators. However, the principal indicators are as follows:
Target Year ended Year ended
31.12.2006 31.12.2005
(Loss)/Profit before tax £104,488 (£62,147) £51,941
Debtor days 60 126 62
Adjusting cases – settled rate 100% 101% 106%
Consultancy man weeks 216 855 199
Environment
The Group believes that its impact on the environment is negligible.
Employees
The Group believes very strongly in keeping its staff informed on important matters
through regular meetings and email notices.
The Group’s policy is to provide employees with regular information on matters of
concern to them and to consult them regularly, as far as is practicable, so that their
views can be taken into account when decisions are taken which could affect them.
Directors’ Report
For the year ended 31 December 2006
Annual Report and Accounts 2006 8 Results and dividends
The loss of the Group for the year, after taxation was £62,147 (2005: profit £51,941).
The Directors do not recommend the payment of a dividend.
Directors
The Directors who have held office during the period were as follows:
Executive: Non-Executive:
Barry Whyte John French
Dominic Boyce Graham Cole – resigned 31 May 2007
David Croston
Geoff Somervail was appointed as an Executive Director and Robert Mitchell was
appointed as a Non-Executive Director after the year end on 1 March 2007.
Directors’ interests
The Directors in office at 31 December 2006 had the following beneficial interest in the
ordinary shares of the Company:
Ordinary shares of 1.5p each
31 December 2006 31 December 2005
Barry Whyte 5,516,681 4,116,681
David Croston 3,501,681 3,301,681
Dominic Boyce 75,000 –
John French 48,000 48,000
Graham Cole – resigned 31 May 2007 240,000 240,000
On the 1 March 2007 Barry Whyte and David Croston both purchased 3,333,333
shares, and Geoff Somervail purchased 11,121,667 shares. Their current shareholdings
are listed below under substantial shareholdings.
The Company operates an Executive Share Option Scheme. Under the Scheme, each
of Barry Whyte and David Croston held options over 1,250,000 ordinary shares of 1.5p
each at 31 December 2005 and 31 December 2006. In addition, each of Barry Whyte
and David Croston held options at 31 December 2005 and 31 December 2006 over
such number of shares which equals the percentage set out below of the issued share
capital of the Company on the date on which the option is exercised minus 1,250,000
ordinary shares of 1.5p each:
Barry Whyte 6.4%
David Croston 5.28%
All the above options have an exercise price of 8p per share.
Biographical details
Biographical details of the Directors can be found on pages 6 and 7.
Annual Report and Accounts 2006 9 Substantial shareholdings
Apart from the interests of the Directors referred to above, the Company has received
the following notifications of holdings of more than 3% in the ordinary share capital of
the Company as at the date of this report.
Chase Nominees Limited 18,526,833
Cornhill Shareholders Limited 11,121,667
Geoff Somervail 11,121,667
Barry Whyte 8,850,014
Firgrove Investments Limited 7,499,994
David Croston 6,835,014
TD Waterhouse Nominees (Europe) Limited 7,074,763
HSDL Nominees Limited 5,851,020
International Accounting Standards (“IAS”)
The financial statements have been prepared under IAS .
Payment policy
The Group applies a policy of agreeing payment terms with each of their main suppliers
and aims to abide by these terms, subject to satisfactory performance by suppliers.
Creditor days at 31 December 2006 were 42 days (31 December 2005: 36 days).
Disclosure of Information to Auditors
So far as each of the directors is aware, there is no relevant information that has not
been disclosed to the company’s auditors and each of the directors believes that all
steps have been taken that ought to have been taken to make them aware of any
relevant audit information and to establish that the company’s auditors have been made
aware of that information.
Auditors
Those Directors who comprise the audit committee review the terms of reference for the
auditors and obtain written confirmation that the firm has complied with its ethical
guidance on ensuring its independence. Saffery Champness provide audit services to
the Company in connection with its annual audit as well as corporation tax compliance
services. The level of fees charged is reviewed by the Board to ensure they remain
competitive and to ensure no conflicts of interest arise. 
A resolution to re-appoint Saffery Champness as auditors to the Company will be put to
the members at the Annual General Meeting.
By order of the board
D Boyce
Finance Director
31 May 2007
Directors’ Report continued
For the year ended 31 December 2006
Annual Report and Accounts 2006 10 Financial aspects of corporate governance
The Company is committed to achieving high standards of corporate governance. 
The Company aims to comply with the Combined Code (“the Code”) which is appended
to the Listing Rules of the UK Listing Authority and has adopted a framework for
corporate governance which it believes is suitable for a company of its size.
The Board is accountable to shareholders for the governance of the Company’s affairs.
The Directors have reviewed the principles outlined in the Code and believe that, insofar
as they are relevant to a company of its size, they have complied with the provisions of
the Code.
Directors’ Statement of Compliance with the revised 
Combined Code on Corporate Governance
In July 2003, a revised Combined Code on Corporate Governance (the revised Code)
was published by the Financial Reporting Council, which came into effect for accounting
periods commencing on or after 1 November 2003. The Directors have reviewed the
detailed principles and recommendations outlined in the revised Code and believe that,
to the extent that they are relevant to the Company’s business, they have complied with
the provisions of the Code during the year ended 31 December 2006 and that the
Company’s current practice is in all material respects consistent with the principles of
the revised Code.
The Board also confirms that, to the best of its knowledge and understanding,
procedures were in place to meet the requirements of the revised Code relating to
internal controls throughout the year under review. This statement describes how the
principles of the revised Code have been applied in the affairs of the Company.
The Board
The Board currently consists of six members, two of whom are Non-Executive 
Directors. Given the size of the Board it is not considered appropriate to have a 
Senior Independent Director.
The Board met on eleven occasions throughout the year and all directors were present
with the exception of Mr G Cole and Mr D Croston who were unable to attend one
meeting each. All major decisions as to the direction and control of the Company are
taken by the full Board. No one Director has unfettered powers of decision. The Group’s
day to day operations are managed by the Executive Directors. All Directors have
access to the Company Secretary and any Director needing independent professional
advice in the furtherance of his duties may obtain this advice at the expense of the
Company. The Executive Directors have a one-year rolling service agreement with the
Company.
The revised Code requires that this report should identify each non-executive director
the Board considers to be independent in character and judgement and whether there
are relationships or circumstances which are likely to affect, or could appear to affect,
the director’s judgement, stating its reasons if it determines that a director is independent
notwithstanding the existence of relationships or circumstances which may appear to be
Corporate Governance Report
For the year ended 31 December 2006
Annual Report and Accounts 2006 11 relevant to its determination. In the Board’s opinion both Messrs French and Mitchell are
considered to be independent in both character and judgement. Accordingly two of the
six Board members are independent.
Under the Articles of Association, all Directors are subject to periodic retirement and re-
election by shareholders. In order to comply with the revised Code and the Articles of
Association, the Directors have adopted a policy providing for all directors to submit
themselves for re-election at least every three years.
Accordingly Mr Croston shall retire, and, being eligible, shall offer himself for re-election.
A resolution to re-elect Mr Croston is contained with the Notice of the Annual General
Meeting on page 35.
Mr Croston has actively contributed in meetings throughout the year. Following a formal
performance evaluation, the other Board members recommend that shareholders vote
for the re-election of Mr Croston as they believe that his skills, knowledge and overall
performance is of continued benefit to the Company.  
Corporate Governance Committees
The Board has established two Committees comprising the Non-Executive Directors
and one Executive Director. The members are:
Audit Remuneration
Graham Cole – resigned 31 May 2007 Robert Mitchell
John French John French
Robert Mitchell Graham Cole – resigned 31 May 2007
Dominic Boyce
Dominic Boyce is invited to attend the audit committee meetings.
The Board does not consider it necessary to have a Nomination Committee.
The Audit Committee
The Audit Committee which is chaired by Mr Cole, met twice last year to review the
audit process and the published financial information, the effectiveness of external audit
and internal controls.
The primary responsibilities of the Audit Committee are to review the effectiveness of 
the internal control environment of the Company and to monitor adherence to best
practice in corporate governance; to make recommendations to the board in relation 
to the re-appointment of the Auditors and to approve their remuneration and terms of
engagement; and to review and monitor the Auditors’ independence and objectivity 
and the effectiveness of the audit process and provide a forum through which the
Company’s Auditors report to the Board. The Audit Committee also has responsibility 
for monitoring the integrity of the financial statements and accounting policies of the
Company. Committee members consider that individually and collectively they are
appropriately experienced to fulfil the role required.
Corporate Governance Report continued
For the year ended 31 December 2006
Annual Report and Accounts 2006 12 Saffery Champness, the company’s Auditors, attend the meeting of the Audit
Committee to approve the financial statements and Annual Report and have direct
access to Committee members. The chairman of the Audit Committee will be present at
the Annual General meeting to deal with any questions relating to the accounts.
In addition, the Audit Committee has considered the requirement for an internal audit
function and has concluded that given the current state of operations no internal audit
department is required.
Remuneration Committee
The terms of reference of the Remuneration Committee which is chaired by Mr French are:
 recommend to the Board a framework for rewarding senior management, including
Executive Directors, bearing in mind the need to attract and retain individuals of the
highest calibre and with the appropriate experience to make a significant contribution
to the Group; and
 ensure that the elements of the remuneration package are competitive and help in
underpinning the performance-driven culture of the Group.
The Remuneration Committee met once in the year to approve an increase in the
remuneration of the Executive directors following an improvement in the Company’s
trading. It should be noted however, that the remuneration paid is in line with that
outlined in the company’s  AIM Admission Document.
Internal Control
The Directors acknowledge their responsibility for the Group’s system of internal control
and for reviewing its effectiveness. This is an ongoing process designed to ensure
adherence to the Group’s policies whilst safeguarding the assets of the Group, in
addition to ensuring the management of the risks faced by the Group. This process 
has been in place throughout the period and up to the date of signing this report.
Responsibility for implementing a system of internal controls is delegated to the 
Finance Director.
An ongoing process, in accordance with the Turnbull Committee on internal control, is
established for identifying, evaluating and managing risks faced by the Group. A formal
risk identification and analysis was conducted in the current financial year.
The risk management process and systems of internal control are designed to manage
rather than eliminate the risk of failure to achieve the Group’s objectives. It should be
recognised that such systems can only provide reasonable, not absolute assurance
against material misstatement or loss.
In accordance with guidance issued to directors of listed companies, the Directors have
carried out a review of the effectiveness of internal controls as they have operated
during the year.
Annual Report and Accounts 2006 13 Internal Control Assessment Process
Risk assessment and the review of internal controls are undertaken by the Board in the
context of the Group’s overall strategy. The review covers the key business, operational,
compliance and financial risks facing the Group. In arriving at its judgement of what risks
the Group faces, the Board has considered the Group’s operations in the light of the
following factors:
 The nature and extent of risks which it regards as acceptable for the Group to bear
within its overall business objective;
 The threat of such risks becoming a reality;
 The Group’s ability to reduce the incidence and impact of risk on its performance; and
 The cost and benefits to the Group of operating the relevant controls.
Against this background, the Board has split its review into the following areas:
 Corporate strategy;
 Published information, compliance with laws and regulations; and
 Relationships with service providers.
Internal control
The key procedures established with a view to providing effective internal control 
are as follows:
 Strategic business planning Detailed financial projections for the current
financial year are prepared and subject to formal review at least twice a year.
 Performance review The Directors aim to monitor the Group’s performance
through the preparation of monthly management accounts and regular reviews of
work in progress, cash flow projections and the pipeline of future work.
 Review of internal control Compliance with operating control procedures is
covered by the Group’s external auditors to the extent necessary to form their
opinion as to the truth and fairness of the financial statements.
Relations with shareholders
Communication with shareholders is given a high priority by the Board and the Directors
are available to enter into dialogue with shareholders. All shareholders are encouraged
to attend and vote at the Annual General Meeting during which the Board is available to
discuss issues affecting the Company. In addition the company maintains a website
(www.theclaimspeople.com) containing information on the Company of interest to
corporate and private shareholders.
Going Concern
The Directors have a reasonable expectation that the Company has adequate resources
to continue in operational existence for the foreseeable future. For this reason, they
continue to adopt the going concern basis in preparing the financial statements.
Corporate Governance Report continued
For the year ended 31 December 2006
Annual Report and Accounts 2006 14 Company law requires the Directors to prepare financial statements for each financial
year which give a true and fair view of the state of affairs of the Company and Group
and of the profit or loss of the Group for that period. In preparing those financial
statements, the Directors are required to:
 select suitable accounting policies and then apply them consistently;
 make judgements and estimates that are reasonable and prudent;
 prepare the financial statements on a going concern basis unless it is inappropriate
to presume that the Company will continue in business; and
 state whether applicable accounting policies have been followed, subject to any
material departures disclosed and explained in the financial statements.
The Directors are responsible for keeping proper accounting records, which disclose
with reasonable accuracy at any time the financial position of the Company and Group
and to enable them to ensure that the financial statements comply with the Companies
Act 1985. The Directors are responsible for ensuring that the Directors’ Report and
other information included in the Annual Report is prepared in accordance with
Company Law in the United Kingdom and for ensuring that the Annual Report includes
information required by the AIM Rules. They are also responsible for safeguarding the
assets of the Group and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Statement of Directors’ Responsibilities
For the year ended 31 December 2006
Annual Report and Accounts 2006 15 We have audited the Consolidated and Parent Company financial statements (“the
financial statements”) of The Claims People Group plc for the year ended 31 December
2006 which comprise the Consolidated Income Statement, the Consolidated and 
Parent Company Balance Sheets, the Consolidated and Parent Company Cash Flow
Statements, the Consolidated and Parent Company Statements of Changes in Equity
and the related notes. These financial statements have been prepared under the
accounting policies set out therein.
Respective responsibilities of directors and auditors
The directors’ responsibilities for preparing the Annual Report and the financial
statements in accordance with applicable law and International and Financial Reporting
Standards (IFRSs) as adopted by the European Union are set out in the Statement of
Directors’ Responsibilities.
Our responsibility is to audit the financial statements in accordance with relevant legal
and regulatory requirements and International Standards on Auditing (UK and Ireland).
This report is made solely to the company’s members, as a body, in accordance with
Section 235 of the Companies Act 1985. Our audit work has been undertaken so that
we might state to the company’s members those matters we are required to state to
them in an auditors’ report and for no other purpose. To the fullest extent permitted by
law, we do not accept or assume responsibility to anyone other than the company and
the company’s members as a body, for our audit work, for this report, or for the
opinions we have formed.
We report to you our opinion as to whether the financial statements give a true and fair
view and whether the financial statements have been properly prepared in accordance
with the Companies Act 1985. We also report to you whether in our opinion the
information given in the Directors’ Report is consistent with the financial statements.
In addition we report to you if, in our opinion, the company has not kept proper
accounting records, if we have not received all the information and explanations we
require for our audit, or if information specified by law regarding directors’ remuneration
and other transactions is not disclosed.
We read other information contained in the Annual Report and consider whether it is
consistent with the audited financial statements. The other information comprises only
the Directors’ Report and the Chairman’s Statement. We consider the implications 
for our report if we become aware of any apparent misstatements or material
inconsistencies with the financial statements. Our responsibilities do not extend 
to any other information.
Independent Auditors’ Report to the Members
Year ended 31 December 2006
Annual Report and Accounts 2006 16 Basis of audit opinion
We conducted our audit in accordance with International Standards on Auditing (UK and
Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test
basis, of evidence relevant to the amounts and disclosures in the financial statements. 
It also includes an assessment of the significant estimates and judgements made by the
directors in the preparation of the financial statements, and of whether the accounting
policies are appropriate to the group’s and company’s circumstances, consistently
applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and
explanations which we considered necessary in order to provide us with sufficient
evidence to give reasonable assurance that the financial statements are free from
material misstatement, whether caused by fraud or other irregularity or error. In forming
our opinion we also evaluated the overall adequacy of the presentation of information in
the financial statements.
Opinion
In our opinion:
 the group financial statements give a true and fair view, in accordance with 
IFRSs as adopted by the European Union, of the state of the group’s affairs as 
at 31 December 2006 and of its loss for the year then ended;
 the parent company financial statements give a true and fair view, in accordance with
IFRSs adopted by the European Union as applied in accordance with the provisions
of the Companies Act 1985, of the state of the parent company’s affairs as at 31
December 2006;
 the financial statements have been properly prepared in accordance with the
Companies Act 1985;
 the information given in the Directors’ Report is consistent with the financial
statements.
Saffery Champness
Chartered Accountants 
Registered Auditors
London
2007
Annual Report and Accounts 2006 17 Notes 2006 2005
£ £
Revenue 3 2,824,784 2,714,937
Administrative expenses (2,876,935) (2,663,052)
(Loss)/profit from operations 4 (52,151) 51,885
Interest receivable 1,079 1,958
Interest payable 5 (11,075) (1,902)
(Loss)/profit before tax (62,147) 51,941
Taxation 9 – –
(Loss)/profit for the year 10 (62,147) 51,941
Earnings per share
Basic 11 (0.06p) 0.05p
Diluted 11 (0.06p) 0.05p
All of the company’s activities were classed as continuing during 2006 (2005: same).
There are no recognised gains and losses other than those passing through the profit and loss account.
Consolidated Income Statement
For the year ended 31 December 2006
Annual Report and Accounts 2006 18
The notes on pages 23 to 34 form part of these financial statements. Share 
Share premium Retained
capital account earnings
£££
Balance at 1 January 2005 1,500,000 833,778 (1,248,398)
Profit for the period – – 51,941
Issue of equity share capital 44,062 44,063 –
Balance at 31 December 2005 1,544,062 877,841 (1,196,457)
Balance at 1 January 2006 1,544,062 877,841 (1,196,457)
Loss for the period – – (62,147)
Issue of equity share capital – – –
Balance at 31 December 2006 1,544,062 877,841 (1,258,604)
Consolidated Statement of changes 
in Shareholders’ Equity
31 December 2006
Annual Report and Accounts 2006 19
The notes on pages 23 to 34 form part of these financial statements. Consolidated Balance Sheet
31 December 2006
Annual Report and Accounts 2006 20
The notes on pages 23 to 34 form part of these financial statements.
2006 2005
Notes £ £
ASSETS
Non-current assets
Goodwill 12 265,661 265,661
Property, plant and equipment 13 85,369 128,029
351,030 393,690
Current assets
Work in progress 15 379,077 373,347
Trade and other receivables 16 1,274,290 691,263
Cash and cash equivalents 272 143,593
1,653,639 1,208,203
Total assets 2,004,669 1,601,893
EQUITY AND LIABILITIES
Equity
Share capital 20 1,544,062 1,544,062
Share premium account 21 877,841 877,841
Retained earnings 22 (1,258,604) (1,196,457)
Equity attributable to equity holders of the parent 1,163,299 1,225,446
Non-current liabilities
Bank loans 19 – 2,503
– 2,503
Current liabilities
Trade and other payables 17 838,866 359,961
Obligations under finance leases 18 – 6,472
Bank loans 19 2,504 7,511
841,370 373,944
Total equity and liabilities 2,004,669 1,601,893
These financial statements were approved by the Board of Directors on 31 May 2007.
Dominic Boyce, Director 2006 2005
Notes £ £
ASSETS
Non-current assets
Goodwill 12 265,661 265,661
Property, plant and equipment 13 85,369 128,029
Investments 14 5 5
351,035 393,695
Current assets
Work in progress 15 379,077 373,347
Trade and other receivables 16 1,274,290 691,263
Cash and cash equivalents 272 143,593
1,653,639 1,208,203
Total assets 2,004,674 1,601,898
EQUITY AND LIABILITIES
Equity
Share capital 20 1,544,062 1,544,062
Share premium account 21 877,841 877,841
Retained earnings 22 (1,258,604) (1,196,457)
Equity attributable to equity holders of the parent 1,163,299 1,225,446
Non-current liabilities
Bank loans 19 – 2,503
– 2,503
Current liabilities
Trade and other payables 17 838,871 359,966
Obligations under finance leases 18 – 6,472
Bank loans 19 2,504 7,511
841,375 373,949
Total equity and liabilities 2,004,674 1,601,898
These financial statements were approved by the Board of Directors on 31 May 2007.
Dominic Boyce, Director
Company Balance Sheet
31 December 2006
Annual Report and Accounts 2006 21
The notes on pages 23 to 34 form part of these financial statements. 2006 2005
Notes £ £
Cash flows from operating activities
(Loss)/profit from operations (52,151) 51,885
Adjustments for:
Depreciation of property, plant and equipment 72,934 78,093
Operating cash flows before movements in working capital 20,783 129,978
(Increase)/decrease in work-in-progress (5,730) 29,329
Increase in receivables (583,027) (42,298)
Increase/(decrease) in payables 17,659 (146,322)
Cash used in operations (550,315) (29,313)
Interest paid (11,075) (1,902)
Net cash used in operating activities (561,390) (31,215)
Cash flows from investing activities
Interest received 1,079 1,958
Purchases of property, plant and equipment 13 (30,274) (46,541)
Net cash used in investing activities (29,195) (44,583)
Cash flows from financing activities
Repayments of bank loan (7,510) (7,511)
Repayments of obligations under finance leases (6, 472) (8,340)
Issue of equity share capital – 88,125
Net cash (used in)/from financing activities (13,982) 72,274
Net decrease in cash and cash equivalents (604,567) (3,524)
Cash and cash equivalents at beginning of year 24 143,593 147,117
Cash and cash equivalents at end of year 24 (460,974) 143,593
Consolidated Cash Flow Statement
For the year 31 December 2006
Annual Report and Accounts 2006 22
The notes on pages 23 to 34 form part of these financial statements. 1. General information
The group is incorporated in the United Kingdom under the Companies Act 1985. The address of the registered office is given
on page 1. The nature of the group’s operations and its principal activities are set out in note 3. 
2. Significant accounting policies
Basis of accounting
The financial statements have been prepared on a historical cost basis.
Statement of compliance 
The financial statements of The Claims people Group plc and all its subsidiaries have been prepared in accordance with
International Financial Reporting Standards (IFRS) as adopted by the European Union. 
Basis of consolidation
The consolidated financial statements incorporate the results of the Company and all its subsidiary undertakings as if they
were a single entity. Subsidiary undertakings are consolidated from the date of acquisition using the acquisition method of
accounting.
Revenue recognition
Revenue is recognised by reference to the stage of completion of the transaction, in accordance with IAS 18, and represents
the value of of services provided in the period and is stated net of VAT.
Property, plant and equipment
Property, plant and equipment are stated at cost less provision for depreciation. Depreciation is provided at rates calculated to
write off the cost of each asset less its estimated residual value evenly over its estimated useful life, as follows:
Claims software over five years
Office equipment and fittings over three to five years
Website development over three years
Goodwill
Goodwill on acquisition is initially measured at cost being the excess of the cost of the business combination over the acquirer’s
interest in the net fair value of the identifiable assets, liabilities and contingent liabilities. Following initial recognition, goodwill is
measured at cost less any accumulated impairment losses. Goodwill on acquisitions after 31 March 2004 is not amortised and
goodwill already carried in the balance sheet is not amortised after 1 January 2004. Goodwill is reviewed for impairment,
annually or more frequently if events or changes in circumstances indicate that the carrying value may be impaired.
As at the acquisition date, any goodwill acquired is allocated to each of the cash-generating units expected to benefit from
the combination’s synergies. Impairment is determined by assessing the recoverable amount of the cash-generating unit, to
which the goodwill relates. Where recoverable amount of the cash-generating unit is less than the carrying amount, an
impairment loss is recognised. Where goodwill forms part of a cash-generating unit and part of the operation within that unit
are disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation
when determining the gain or loss on disposal of the operation. Goodwill disposed of in this circumstance is measured on the
basis of the relative values of the operation disposed of and the portion of the cash-generating unit retained. 
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Work in progress
Work in progress is valued at the lower of cost and net realisable value and is based on the percentage complete at the 
year end. 
Trade and other receivables
Trade and other receivables are measured on initial recognition at fair value. When objective evidence exists that the asset is
impaired the estimated irrecoverable amount is written off to profit and loss
Trade and other payables
Trade and other payables are measured on initial recognition at fair value.
Notes to the Financial Statements
For the year ended 31 December 2006
Annual Report and Accounts 2006 23 Leasing and finance lease commitments
Assets obtained under hire purchase contracts and finance leases are capitalised in the balance sheet and depreciated over
their useful economic lives. The interest element of the rental obligations is charged to the profit and loss account over the
period of the contract and represents a constant proportion of the balance of capital payments outstanding. Rentals paid
under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date
where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future
have occurred at the balance sheet date. Timing differences are differences between the Group’s taxable profits and its
results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods
different from those in which they are recognised in the financial statements.
A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence,
it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in
which the timing differences are expected to reverse.
Pension costs
The Group contributes to two Group Personal Pension Schemes for Directors and senior employees. Pension contributions
are charged to the profit and loss account as they are incurred.
Share-based payment transactions 
Employees (including directors) of the Group receive remuneration in the form of share-based payment transactions, whereby
employees render services in exchange for shares or rights over shares (‘equity-settled transactions’) as detailed in note 20.
IFRS standards in issue but not yet effective
IFRIC 10 Interim Financial Reporting and Impairment – effective for annual periods beginning on or after 1 November 2006. 
The directors anticipate that the adoption of this Standard and Interpretation in future periods will have no material financial
impact on the financial statements of the Group.
3. Revenue
The total revenue of the Group for the period has been derived from its principal activities wholly undertaken in the United
Kingdom.
2006 2005
£ £
Loss Adjusting Fees 1,582,938 2,356,188
Consultancy Fees 1,241,846 358,749
2,824,784 2,714,937
Notes to the Financial Statements continued
For the year ended 31 December 2006
Annual Report and Accounts 2006 24 4. Result from operations
2006 2005
£ £
Result from operations is stated after charging:
Depreciation of property, plant and equipment:
– owned assets 65,276 66,315
– assets held under hire purchase contracts and finance leases 7,658 11,778
Auditors’ remuneration:
– Audit services
Statutory audit 13,700 11,750
Review of interim statement 3,300 3,900
– Taxation services
Compliance services 2,000 1,000
Payments under operating leases – land and buildings 52,147 60,974
– hire of other assets 121,344 99,567
5. Interest payable
2006 2005
£ £
On bank loan & overdraft 10,336 1,139
On finance leases 739 763
11,075 1,902
6. Employees
The average number of persons (including Directors) employed by the Group was:
2006 2005
Number Number
Management 9 9
Administration 6 8
Technical 46 34
61 51
2006 2005
£ £
Staff costs (for the above persons):
Wages and salaries 1,535,178 1,303,789
Social security costs 168,998 136,377
Other pension costs 24,884 24,243
1,729,060 1,464,409
Annual Report and Accounts 2006 25 7. Pension costs
The group contributes to two Group Personal Pension Schemes for Directors and certain employees. Contributions payable
to the pension schemes in the year were £24,884 (2005: £24,243). 
8. Directors’ remuneration
Year ended 31 December 2006
Contributions
to money Year ended
purchase Estimated 31
pension value of December
Salary schemes benefits Total 2005
££££ £
Executive Directors
Barry Whyte 75,000 7,500 15,578 98,078 95,821
Dominic Boyce 55,000 2,750 1,044 58,794 54,928
Peter Morgan –––– 29,760
David Croston 65,000 6,500 12,267 83,767 83,625
195,000 16,750 28,889 240,639 264,134
Non Executive
John French 20,950 – – 20,950 10,800
Graham Cole 9,000 – – 9,000 9,000
Total 224,950 16,750 28,889 270,589 283,934
Details of options granted to directors under the Unapproved Share Option Scheme are given in the Directors’ Report on
pages 8 to 10.
The number of directors for whom retirement benefits are accruing under money purchase pension schemes amounted to 3
(2005: 3).
9. Taxation
2006 2005
£ £
Domestic current year tax
UK corporation tax – –
Current tax charge – –
Reversal of timing difference – –
Origination of timing difference – –
– –
Factors affecting the tax charge for the year
(Loss)/profit on ordinary activities before taxation (62,147) 51,941
Notes to the Financial Statements continued
For the year ended 31 December 2006
Annual Report and Accounts 2006 26 9. Taxation (continued)
2006 2005
£ £
Result on ordinary activities multiplied by standard rate of corporation tax of 30% (18,644) 15,582
Adjustment for the effects of:
Expenses not deductible for tax purposes 6,374 8,554
Depreciation and amortisation 21,880 23,428
Capital allowances (25,367) (24,380)
Tax losses brought forward utilised 15,757 (23,184)
Current tax charge – –
At 31 December 2006 the Group had corporation tax losses and unclaimed capital allowances of £953,667 (2005:
£1,047,371) subject to agreement with the Inland Revenue.
At 31 December 2006 the deferred taxation asset comprised:
2006 2005
Group Company Group Company
Provided Provided Provided Provided
££ ££
Accelerated capital allowances (34,729) (34,729) (34,729) (34,729)
Short term timing differences (2,837) (2,837) (2,837) (2,837)
Tax losses (95,992) (95,992) (95,992) (95,992)
(133,558) (133,558) (133,558) (133,558)
Movement on deferred tax account for the year
£
Asset brought forward (133,558)
Reversal of timing differences –
Origination of timing difference –
Asset carried forward (133,558)
The nature of the evidence supporting the recognition of the deferred tax asset is the management’s financial projections for
the eighteen month period ending 30 June 2008.
The deferred tax asset would be increased by £152,542 if all corporation tax losses available were recognised.
10. Loss/Profit attributable to ordinary shareholders
The Company has taken advantage of the exemption under Section 230 of the Companies Act 1985 from presenting its own
profit and loss account. As the Company has no active subsidiaries, the profit dealt within the financial statements of the
Company is the same as the consolidated loss being £62,147 (2005: profit of £51,941).
Annual Report and Accounts 2006 27 11. Earnings per share
The calculation of the basic and fully diluted earnings per share is based on the loss for the year after tax of £62,147 (2005:
profit of £51,941) and on 102,937,500 ordinary shares, (2005: 102,848,973) being the weighted average number of ordinary
shares in issue during the year. In calculating fully diluted earnings per share, the weighted average number of shares in issue
was 102,937,500 (2005: 102,876,641) ordinary shares. The issue of shares after the year end does not have a material effect
on the calculation of earnings per share.
12. Goodwill – Group and Company
2006 2005
£ £
Cost
At 1 January 2006 272,587 272,587
At 31 December 2006 272,587 272,587
Accumulated impairment losses
At 1 January 2006 6,926 6,926
Impairment losses for the year – –
At 31 December 2006 6,926 6,926
Carrying amount
At 31 December 2006 265,661 265,661
Goodwill arises on the acquisition of the trade and assets of CCS Global UK on 5 September 2003 as detailed below.
£
Fixed assets 5,000
Work in progress 47,453
Goodwill 272,587
325,040
The directors have reviewed goodwill for impairment and, based on the profits and cash flows of the acquired business unit
calculated using the recurring attributable fee income from the acquired business and relevant apportioned costs, have
concluded that no impairment is required.
Notes to the Financial Statements continued
For the year ended 31 December 2006
Annual Report and Accounts 2006 28 13. Property, plant and equipment – Group and Company
Equipment
Claimsfixtures and fittings
software fittings Website Total
££££
Cost
At 1 January 2006 193,600 186,547 89,294 469,441
Additions – 30,274 – 30,274
Disposals – (43,951) – (43,951)
At 31 December 2006 193,600 172,870 89,294 455,764
Depreciation
At 1 January 2006 139,360 112,759 89,293 341,412
Charge for the year 31,140 41,794 – 72,934
Disposals – (43,951) – (43,951)
At 31 December 2006 170,500 110,602 89,293 370,395
Net book value
At 31 December 2006 23,100 62,268 1 85,369
Cost
At 1 January 2005 193,600 195,276 89,294 478,170
Additions – 46,541 – 46,541
Disposals – (55,270) – (55,270)
At 31 December 2005 193,600 186,547 89,294 469,441
Depreciation
At 1 January 2005 100,640 128,656 89,293 318,589
Charge for the year 38,720 39,373 – 78,093
Disposals – (55,270) – (55,270)
At 31 December 2005 139,360 112,759 89,293 341,412
Net book value
At 31 December 2005 54,240 73,788 1 128,029
Included in the above are assets held under finances leases or hire purchase contracts with a net book value of nil 
(2005: £7,658).
Annual Report and Accounts 2006 29 14. Fixed asset investments – Company
Shares in
subsidiary
undertakings
£
Cost
At 31 December 2005 and 31 December 2006 5
At 31 December 2006 the Company held the whole of the issued share capital of the following subsidiary undertakings, all of
which are incorporated in Great Britain and were dormant during the year:
The Claims People Limited Whyte & Co Limited
Claim Analysts Limited Whyte & Croston Limited
Claims Club Limited
15. Work in progress
2006 2005
Group Company Group Company
££ ££
Work in progress 379,077 379,077 373,347 373,347
16. Trade and other receivables
2006 2005
Group Company Group Company
££ ££
Due within one year
Trade receivables 979,116 979,116 457,590 457,590
Prepayments 76,962 76,962 74,150 74,150
Other receivables 84,654 84,654 25,965 25,965
1,140,732 1,140,732 557,705 557,705
Deferred tax asset (note 9) 133,558 133,558 133,558 133,558
1,274,290 1,274,290 691,263 691,263
Trade receivables are non-interest bearing and are generally on 30-day terms. Other receivables are non-interest bearing and
have an average term of one month.
The deferred tax asset of £133,558 comprises amounts recoverable within one year of £90,300 and amounts recoverable
after one year of £43,258.
Notes to the Financial Statements continued
For the year ended 31 December 2006
Annual Report and Accounts 2006 30 17. Trade and other payables
2006 2005
Group Company Group Company
££ ££
Bank overdraft 461,246 461,246 ––
Trade payables 148,948 148,948 131,399 131,399
Amounts due to subsidiary undertakings –5 –5
Other payables 19,332 19,332 3,467 3,467
Other taxes and social security 124,682 124,682 113,090 113,090
Accruals 84,658 84,658 112,005 112,005
838,866 838,871 359,961 359,966
Trade payables are non-interest bearing and are normally settled on 30-day terms. Other payables are non-interest bearing
and have an average term of one month. Other taxes and social security is remitted to the appropriate tax body on a monthly
or quarterly basis as relevant. 
The bank overdraft facility of £400,000 is due for renewal in April 2007. It is secured on a Fixed Equitable Charge over all
present and future freehold and leasehold property; First Fixed Charge over, among other things, book and other debts,
chattels and goodwill and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking
both present and future. Interest is charged at 2.5% over the bank’s base rate.  
18. Obligations under finance leases
Amounts payable under finance leases:
2006 2005
Group Company Group Company
££ ££
Within one year –– 6,472 6,472
Between one and two years –– ––
–– 6,472 6,472
19. Bank loans
The Group’s bank loan is unsecured and bears interest at 8.2% pa. The loan is repayable in equal monthly instalments and
falls due as follows:
2006 2005
Group Company Group Company
££ ££
Within one year 2,504 2,504 7,511 7,511
Between one and two years –– 2,503 2,503
Between two and five years –– ––
2,504 2,504 10,014 10,014
Annual Report and Accounts 2006 31 20. Share Capital – Group and Company
2006 2005
£ £
Authorised:
200,000,000 (2005: 200,000,000) Ordinary Shares of 1.5p each 3,000,000 3,000,000
2006 2005
£ £
Allotted, called up and fully paid:
102,937,500 (2005: 102,937,500) Ordinary Shares of 1.5p each 1,544,062 1,544,062
Share Options
At 31 December 2006 the following share options relating to the ordinary shares of 1.5p each were outstanding:
Option
Number of price per Option
Shares share period
Enterprise Management Incentive Scheme
Granted 24 October 2000 3,750,000 8p 24.10.03 – 24.10.10
Unapproved scheme
Granted 24 October 2000 12,800,000 8p 24.10.03 – 24.10.10
The option granted under the unapproved scheme is in respect of an option over 16% of the total issued share capital at the
date of exercise less 3,750,000 shares. The above represents an estimate of the number of share options under the
Unapproved Scheme that would exist at 31 December 2005.
The weighted average exercise price of the EMI options is 8p.
21. Share premium account – Group and Company
2006
£
At 1 January 2006 877,841
Issue of ordinary share capital –
At 31 December 2006 877,841
22. Retained earnings – Group and Company
Profit and
loss
account
£
At 1 January 2006 (1,196,457)
Loss for the year (62,147)
At 31 December 2006 (1,258,604)
Notes to the Financial Statements continued
For the year ended 31 December 2006
Annual Report and Accounts 2006 32 23. Other financial commitments
At 31 December 2006 the Company and Group was committed to making the following payments under non-cancellable
operating leases in the year ending 31 December 2006.
Land and Land and
buildings Other buildings Other
2006 2006 2005 2005
££ ££
Operating leases which expire:
Within one year 41,191 54,769 46,340 46,585
Within two to five years 71,040 32,993 11,667 31,163
24. Cash and cash equivalents
2006 2005
£ £
Cash and bank balances 272 143,593
Bank overdraft (461,246) –
(460,974) 143,593
25. Financial risk management objectives and policies 
The Group’s principal financial instruments comprise bank loans, finance leases and hire purchase contracts, cash and short-
term deposits. The main purpose of these financial instruments is to raise finance for the Group’s operations. The Group has
various other financial instruments such as trade debtors and trade creditors, which arise directly from its operations. It is, and
has been throughout the year under review, the Group’s policy that no trading in financial instruments shall be undertaken.
The main risks arising from the Group’s financial instruments are interest rate risk, liquidity risk and credit risk. The board
reviews and agrees policies for managing each of these risks and they are summarised below.  
Interest rate risk 
The Group’s exposure to interest rate risk is minimal. The company is not expected to operate in an overdraft position for any
length of time.
Liquidity risk 
The Group’s objective is to maintain a balance between continuity of funding and flexibility through the use of bank overdrafts
and bank loans. The Group does not have a policy on the level or maturity profile of borrowings due to the insignificant level
of borrowings.
Credit risk
The Group trades only with recognised, creditworthy third parties. In addition, receivable balances are monitored on an
ongoing basis with the result that the Group’s exposure to bad debts is not significant. With respect to credit risk arising from
the other financial assets of the Group, which comprise cash and cash equivalents, the Group’s exposure to credit risk arises
from default of the counter party, with a maximum exposure equal to the carrying amount of these instruments. There are no
significant concentrations of credit risk within the Group. 
Annual Report and Accounts 2006 33 26. Financial instruments
Fair values
There is no difference between the carrying amounts and fair values of any of the group’s financial statements.
27. Post balance sheet events
On 1 March 2007 the Group placed 33,333,333 shares at 1.5p per share.
Notes to the Financial Statements continued
For the year ended 31 December 2006
Annual Report and Accounts 2006 34 Notice is hereby given that the 2006 Annual General Meeting of The Claims People Group plc will be held at 9am on 29
August 2007 at Lion House, Red Lion Street, London WC1R 4GB for the following purposes:
Ordinary Business
1. To receive and adopt the Reports of the Directors and of the Auditors and the Statement of Accounts for the year ended
31 December 2006.
2. To re-appoint Saffery Champness as Auditors to hold office until the conclusion of the next general meeting at which
accounts are laid before the Company.
3. To authorise the Directors to determine and fix the remuneration of the Auditors.
4. To re-elect David Croston as a Director, who retires by rotation, pursuant to Article 115 of the Company’s Articles of
Association.
5. To re-elect Dominic Boyce as a director who retires pursuant to Article 114 of the Company’s Articles of Association.
6. To re-elect Geoff Somervail as a director who retires pursuant to Article 114 of the Company’s Articles of Association.
7. To re-elect Robert Mitchell as a director who retires pursuant to Article 114 of the Company’s Articles of Association.
Special Business
To consider and, if thought fit, to pass Resolutions 8, 9 and 10 as to which Resolution 8 will be proposed and voted on as an
Ordinary Resolution and Resolutions 9 and 10 will be proposed and voted on as Special Resolutions:
8. That the Directors of the Company be and they are hereby generally and unconditionally authorised pursuant to the
provisions of Section 80 of the Companies Act 1985 (“the Act”) to exercise all the powers of the Company to allot
relevant securities as defined by such Section provided that:
8.1 the maximum number of such securities that may be allotted under this authority (within the meaning of that
Section) is 20,440,625 shares (representing 15% of the Company’s issued ordinary share capital); and
8.2 this authority shall, unless it is (prior to its expiry) duly revoked or is renewed, expire at the conclusion of the Annual
General Meeting of the Company to be held in 2007 or 15 months from the date of passing this Resolution
(whichever shall occur first) save that the Company may, before such expiry, make an offer or agreement which
would or might require relevant securities to be allotted after such expiry, and the Directors of the Company may
allot relevant securities (within the meaning of that section) in pursuance of such offer or agreement as if the
authority conferred hereby had not yet expired;
and provided also that the authority granted by this Resolution shall be in substitution for any authority to allot relevant
securities (within the meaning of that section) previously granted to the Directors which (to the extent that it remains in
force and unexercised) is hereby revoked.
9. That, subject and conditional upon the passing of Resolution 5 above, the Directors of the Company be and they are
hereby empowered pursuant to Section 95 of the Act to allot equity securities (within the meaning of Section 94 of the
Act) for cash pursuant to Section 80 of the Act as if Section 89(1) of the Act did not apply to any such allotment,
provided that this power shall be limited to the allotment of equity securities:
9.1 in connection with a rights issue in favour of or general offer to Ordinary Shareholders where the equity securities
respectively attributable to the interest of all the Ordinary Shareholders are proportionate (as nearly as practicable)
to the number of Ordinary Shares held by them respectively (but subject to such exclusion and other arrangements
as the Directors of the Company may deem necessary or expedient to deal with fractional entitlements or any legal
or practical difficulties or the regulations or requirements of any regulatory body or stock exchange in any territory);
and
9.2 otherwise than pursuant to paragraph 9.1 above, up to an aggregate number of 20,440,625 shares (representing
15% of the Company’s issued ordinary share capital);
and such power shall expire at the conclusion of the Annual General Meeting of the Company to be held in 2007 or 15
months from the date of passing this Resolution (whichever shall occur first) save that the Company may, before such
expiry, make an offer or agreement which would or might require equity securities to be allotted after such expiry, and
the Directors of the Company may allot equity securities in pursuance of such offer or agreement as if the power
conferred hereby had not expired and provided also that the authority and power hereby conferred shall be in
substitution for any previous authority and power conferred upon the Directors of the Company pursuant to Section 95
of the Act prior to the date of passing this Resolution.
Notice of Annual General Meeting
Annual Report and Accounts 2006 35 10. That the Company be and is hereby generally and unconditionally authorised for the purposes of Section 166 of the Act
to make one or more market purchases (within the meaning of Section 163(3) of the Act) on the Alternative Investment
Market of the London Stock Exchange of Ordinary Shares of 1.5p each in the capital of the Company provided that:
10.1 the maximum aggregate number of such shares hereby authorised to be purchased is 13,627,083 (representing
10% of the Company’s issued ordinary share capital);
10.2 the minimum price which may be paid for such shares is 1.5p per share (exclusive of tax and expenses);
10.3 the maximum price (exclusive of tax and expenses) which may be paid for such a share shall not be more than 5%
above the average of the market values for such a share as derived from the Alternative Investment Market
Appendix to the Daily Official List of the London Stock Exchange for the five business days immediately preceding
the date on which such share is purchased;
10.4 unless previously renewed, varied or revoked, the authority hereby conferred shall expire at the conclusion of the
Annual General Meeting of the Company to be held in 2007 or 15 months from the date of passing this Resolution,
if earlier; and
10.5 the Company may make a contract or contracts to purchase such shares under the authority hereby conferred,
prior to the expiry of such authority, which would or might be executed wholly or partly after the expiry of such
authority, and the Company may make a purchase of such shares in pursuance of any such contract or contracts
as if the authority granted by this Resolution had not expired.
By Order of the Board
DOMINIC BOYCE
Company Secretary
6 Lloyd’s Avenue
London
EC3N 3AX
29 June 2007
Notes:
1. To be entitled to attend and vote at the Annual General Meeting (and for the purposes of the determination by the Company of the
number of votes they may cast) members must be entered on the Company’s register of members not later than 48 hours before the
time of the meeting. If the Annual General Meeting is adjourned to a time not more than 48 hours after the specified time applicable to
the original meeting, that time will also apply for the purpose of discerning the entitlement to members to attend and vote (and for the
purposes of determining the number of votes they may cast) at the adjourned Annual General Meeting. If, however, the Annual General
Meeting is adjourned for a longer period, then, to be so entitled, members must be entered on the Company’s register of members at
the time which is 48 hours before the time fixed for the adjourned meeting or, if the Company gives notice of the adjourned Annual
General Meeting, at the time specified in that notice
2. A member entitled to vote at the Annual General Meeting is entitled to appoint one or more proxies to attend and, on a poll, to vote
instead of the member. A proxy need not be a member of the Company.
3. A form of proxy for the use of members is enclosed with the notice. To be effective the form of proxy must be deposited, duly
completed and signed, at the Company’s registrar no less than 48 hours before the time appointed for the holding of the Annual
General Meeting.
There will be available for inspection at the registered office of the Company during the normal business hours from the 
date of this notice until the date of Annual General Meeting, and at the place of the Annual General Meeting for 15 minutes
prior to the Annual General Meeting and until the conclusion of the Annual General Meeting, the register of Directors’ interests
in accordance with Section 325 of the Act and copies of the Directors’ service contracts in accordance with Section 318 
of the Act.
Notice of Annual General Meeting continued
Annual Report and Accounts 2006 36  The Claims People Group Plc
6 Lloyd’s Avenue
London EC3N 3AX
Telephone 020 7481 6411
www.theclaimspeople.com