Helphire has confirmed that it has lost the referral business from Acromas Holdings, the
parent company of the AA and Saga businesses.

Between them the AA and Saga provide 22% of Helphire's referral business and 11% of its turnover..

Discussions are still ongoing as to the timing of the ending of services.

Helphire said it is still seeking ways to continue to work with Acromas to supply services in a different capacity.

It also announced that it has agreed contract renewal terms with one of its largest referrers to supply non-fault accident and related services for a further two years.

"Additionally, we have recently signed a renewal agreement with another significant account to supply our non-fault services for a further three years on an exclusive basis," said Helphire in a shareholder statement issued this morning.

"Together, these accounts represent 30% of current case hire volumes."