Results from Claims Direct, the specialist in personal injury compensation, are likely to be "significantly ahead of expectations", the company has announced in an upbeat trading statement.

The company, which floated on the stock market in July, is due to announce maiden half-year results to September on November 29.

At the time of flotation, Claims Direct said it was experiencing a "run rate" of cases per month of about 4,000. But the current run rate has increased dramatically to 5,000 a month.

The company has also confirmed it has reached agreement with a number of potential litigants – former or current franchisees of the company – whose allegations were included in the flotation prospectus.

The net cost to the company is expected to be less than £100,000. It says it is confident "similar satisfactory agreements" will be reached with the remaining complainants.