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Davies Group profit more than doubles to £3.37m

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Claims management firm Davies has announced a 24% leap in turnover to £36.9m for the 12 months ended 31 March 2011 (2010: £29.6m).

The business, which is understood to be very close to being sold in a deal which will see it valued at around £60m, also saw its profit rise to £3.37m (2010: £1.39m). This takes into account

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