Anexo Group reports “successful 2021”, boosting revenue and profit levels

The Liverpool-based specialist integrated credit hire and legal services provider, with offices in Bolton and Leeds, published figures for the year to December 31, 2021, today, that revealed a 36.2% increase in turnover of £118.237m, and a 52.9% boost to pre-tax profits of £23.746m.

Net debt rose by 53.1% to £62m and the total dividend of 1.5p per share remains the same as the previous year.

Anexo said opportunities in the credit hire division have never been so strong, following the introduction of the Civil Liabilities Act 2021, and the group has deployed increasing working capital facilities and reinvested significant levels of cash collections into the new case portfolio.

Anexo plc (LON:ANX) is a specialist integrated credit hire and legal services group focused on providing replacement vehicles to consumers who have been involved in a non-fault accident.

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