Money

How a trio of PPI first ladies made millions from clients’ compensation



Data from Companies House shows a bonanza for three female claims company directors

They are the three queens of PPI, the owners of giant claims companies that have banked hundreds of millions of pounds in fees from the PPI saga. But none of them appears in newspaper rich lists, and little is known about their vast fortunes.

Lisa O’Neill, at 39 the youngest of the PPI multimillionaires, is listed as the 100% owner of Warrington-based Gladstone Brookes, which boasts on its website that it has recovered more than £1bn for customers. The company earns a 20% cut from every PPI payment (this used to be more, when fees were higher), which adds up to a fees bonanza worth at least £200m.

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