Corporate News

Trading Update

06 December 2018

Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, today provides the following trading update in respect of the year ending 31 December 2018 (‘FY-2018’).

The Board is pleased to announce that following its IPO the Group has continued to trade strongly and, as a result, anticipates that profit before tax for FY-2018 will be ahead of current market expectations.  The Board is confident for the outlook for FY-2019 but at this stage is not looking to upgrade current FY-2019 forecasts.

Further to the announcement issued on 5 September 2018, the Group is also pleased to report that the new regional office for Bond Turner, the Group’s legal services division, became operational on 3 December 2018.  Located in Bolton, the 9,745 sq.ft. office now houses a 25-strong team comprising six Grade A solicitors (8 years’ or more post qualification experience), other solicitors, FILEX’s and litigation specialists.  This office will also accommodate a new team of specialist credit hire litigators, who have a wealth of experience in the industry, and will be led by a highly experienced senior management team.  Recruitment for the Bolton office remains ongoing and Bond Turner is seeing high levels of interest in each position advertised.

Alan Sellers, Executive Chairman of Anexo, said: “We are delighted to be able to update the market today on the strong progress that the Group has made since our successful flotation in June.  Importantly, the expansion of Bond Turner and the new regional office will allow us to not only process our existing cases at a faster rate but also to take on more cases, which we believe will have a positive financial impact for the Group going forward.

We look forward to updating the market further when we issue our full year pre-close trading update in late January 2019.”

 

For further information:

Anexo Group plc  
Alan Sellers, Executive Chairman Tel: +44 (0) 151 227 3008
Mark Bringloe, Chief Financial Officer www.anexo-group.com
   
Arden Partners plc
(Nominated Adviser and Broker)
 
John Llewellyn-Lloyd / Benjamin Cryer / Alex Penney Tel: +44 (0) 20 7614 5900
  www.arden-partners.co.uk
   
Buchanan
(Financial Communications)
 
Henry Harrison-Topham / Steph Watson Tel: +44 (0) 20 7466 5000
Anexo@buchanan.uk.com www.buchanan.uk.com

 

Notes to Editors:

Anexo is a specialist integrated credit hire and legal services provider founded by Executive Chairman, Alan Sellers.  The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm.

The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.  Through its dedicated sales team and network of 1,000 active referrers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, the management and recovery of costs, and the processing of any associated personal injury claim.

The Group was admitted to trading on AIM in June 2018 with the ticker ANX.

For additional information please visit: www.anexo-group.com .

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