A new internet-based loss adjuster, The Claims People, is set for a £4m floatation on the alternative investment stock market.

The Claims People is chaired up by ex-Pycraft & Arnold Holdings non executive director, John French. Chief executive is ex Cornhill chartered loss adjuster Barry Whyte, while ex-Eagle Star director David Croston is operations director.

In all, 50,625,000 shares will be issued at a value of 8p each. It plans to extend its services to approved repairers and replacement goods firms and extend its web portal.