Anexo Group PLC Trading Update (5998J)
December 06 2018 - 2:00AM
UK Regulatory
TIDMANX
RNS Number : 5998J
Anexo Group PLC
06 December 2018
For immediate release 6 December 2018
Anexo Group plc
('Anexo' or the 'Group')
Trading Update
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."
- Ends -
For further enquiries:
Anexo Group plc +44 (0) 151 227 3008
www.anexo-group.com
Alan Sellers, Executive Chairman
Mark Bringloe, Chief Financial Officer
Arden Partners plc
(Nominated Adviser and Broker)
John Llewellyn-Lloyd / Benjamin Cryer +44 (0) 20 7614 5900
/ Alex Penney www.arden-partners.co.uk
Buchanan
(Financial Communications)
Henry Harrison-Topham / Steph Watson +44 (0) 20 7466 5000
Anexo@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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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