Anexo Group overall trading continues to perform in line with management expectations

Anexo Group plc (LON:ANX), the specialist integrated credit hire and legal services provider, has provided the following Trading Update ahead of its Annual General Meeting, to be held at 11 a.m. on Wednesday 16 June 2021.

The Board is pleased to announce that overall trading continues to perform in line with management expectations.

Within the Group’s Legal Services division, Bond Turner, cash collections for the first four months of FY-2021 are in line with management forecasts and are 11.8% ahead of those seen in the corresponding period in FY-2020. This is particularly pleasing since the court system has yet to return to full operational capacity.

The Group continues to recruit high quality legal staff in line with its policy of expanding its headcount to drive increased case settlements and cash collection.

EDGE, the Group’s Credit Hire division, has seen an increase in average vehicle hire numbers following the relaxation of the national lockdown, with the number of vehicles on hire for the first four months of FY-2021 8.5% ahead of the same period in FY-2020. The Group is maintaining its policy of controlling vehicle numbers to maximise cash collections.

The Group intends to provide further details with its Interim Results.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Anexo Group plc

More articles like this

Anexo Group plc

VW charged with diesel-emissions deceit in France

French investigators said Volkswagen Group has been charged in a fresh crackdown on alleged deception over diesel emissions that has also embroiled rival Renault. VW was charged on May 6 and must now make a 10 million-euro ($12.2

Anexo Group plc

Scotland’s urban hotspots for crashes

Scottish drivers are most likely to have an urban road accident in Glasgow’s Merchant City district. Edinburgh’s city centre is the second most likely hotspot for collisions in town but both are reducing the number of accidents as

Anexo Group plc

Anexo Group AGM to be held on Wednesday 16 June 2021

Anexo Group plc (LON:ANX), the specialist integrated credit hire and legal services provider, has announced that electronic copies of its Annual Report and Accounts for the year ended 31 December 2020, together with the Notice of Annual General

Anexo Group plc

The UK’s car accident hotspots

New figures reveal which areas have drivers who are most likely to have been involved in an accident. Getting caught up in a car accident is an incredibly stressful experience. First and foremost, there’s the risk of injury.