Excellent progress for credit hire and legal services group
Liverpool-based integrated credit hire and legal services group, Anexo, has reported a year of “excellent progress”.
The firm, which floated on AIM in June last year, said in a trading update for the year to December 31, 2018, that its strategy continues to be delivered and trading has been robust.
“The board is, therefore, pleased to announce that it expects to report adjusted profit before tax of not less than £16m, which is slightly ahead of current market expectations of £15.8m,” it revealed.
Anexo’s statement said the current financial year has started strongly, with continued investment into the group’s credit hire fleet.
“In addition, positive momentum is being made at Bond Turner, the group’s legal services division, in particular at their new regional office in Bolton.
“Recruitment at this office continues to be a key focus and it is anticipated that the current 25-strong team of solicitors, qualified legal executives and litigation specialists will double in the coming months allowing the group to process an increasing volume of cases.”
The statement added: “With Anexo’s strategy being implemented to plan, the board remains confident in the future outlook for the group.”
Anexo, headed by executive chairman Alan Sellers, said it will announce its final results on April 9.
