The former chief executive of Claims Direct has confirmed he is planning to make a comeback.

Colin Poole said he was considering several joint initiatives with co-founder Tony Sullman after both of them stepped down from the company's board.

Last week, the duo agreed to sell some of their shares to investor Simon Ware-Lane, giving him a 29.8% stake in the company. Ware-Lane, who owns smaller rival Claimline, will now take control of Claims Direct.

As part of the agreement, Poole and Sullman resigned immediately from the board. But Poole has announced they intend to team up again.

“I will be working with Sullman, but we will not go back into claims management,” he said. “We have not made our minds up and are still looking at one or two things.”

He added the pair would “not rule out doing something in insurance”.