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Anexo
  • 03 Apr 24
Anexo Group (ANX LN) - Key Supreme Court Judgement: No cap on non-whiplash compensation

Key ruling sets out the ability to claim compensation for non-whiplash injuries alongside whiplash claims, without the quantum of damages being restricted by the Whiplash Injury Regulations, supporting the Group’s legal services division Bond Turner in pursing the optimal outcome for the claimants it represents.

Companies: Anexo Group Plc

Zeus Capital
  • 02 Apr 24
Anexo Group (ANX) - Supreme Court provides further support for business model

ANX's integrated credit hire and legal services business is founded upon the principle that impecunious motorists can recover credit hire vehicle and related costs from a negligent driver's insurance company. The ruling described in today's announcement again substantiates this principle, a positive for ANX's Bond Turner business, which is charged with furthering the interests of clients to the highest degree. On the group's wider businesses, we continue to see good prospects for the Housing D

Companies: Anexo Group Plc

WHIreland
  • 04 Mar 24
Anexo Group unveils comprehensive solutions for non-fault motorists and legal service innovations
anexo-group-unveils-comprehensive-solutions-for-non-fault-motorists-and-legal-service-innovations
  • 20 Feb 24
Anexo Group (ANX LN) - Milestone Supreme Court Ruling

Anexo has announced an important Supreme Court ruling (overturning three previous court rulings) in support of Anexo’s position on the recovery of contractual liabilities, remoteness and the burden of proof required in credit hire litigation.

Companies: Anexo Group Plc

Zeus Capital
  • 16 Feb 24
Anexo Group - Supreme Court ruling broadens credit hire legal precedent

This morning's announcement from ANX, detailing a successful Supreme Court appeal, represents a further key piece of case law in the history of credit hire litigation, with positive implications for future claims made by the group. The case in question related to a motorist involved in a non-fault traffic accident whilst driving a hire vehicle, resulting in a contractual liability being owed by the victim to the hire company for forfeited hire charges while the vehicle was being repaired. The ca

Companies: Anexo Group Plc

WHIreland
  • 01 Feb 24
Anexo Group - Trading in line with management expectations, emissions cases accelerate

ANX's announcement this morning, highlighting pre-tax profit “broadly” in line with expectations also contains noteworthy news about the whole trajectory of emissions cases. ANX is the UK market-leader in credit hire and legal services for no-fault, impecunious drivers; at the same time its Housing Disrepair and Vehicle Emissions activities continue to develop. In terms of divisional numbers, we await more detail in a further regular trading update or with results; however our FY23E PBT foreca

Companies: Anexo Group Plc

WHIreland
  • 01 Feb 24
Anexo Group (ANX LN) - Trading in-line, litigation updates

FY23 results in line with expectations: Anexo has confirmed Adj. PBT performance for the 12 months ended 31 December 2023 is expected to be broadly in line with market expectations (Zeus estimate: £24.2m), with the Group continuing to trade in line with forecasts.

Companies: Anexo Group Plc

Zeus Capital
  • 23 Aug 23
Anexo Group (ANX LN) - Controlled growth, net debt reduced

H1 performance has delivered strong revenue and profit growth, with the careful management of vehicle volumes and increased cash collections, resulting in a significant reduction in net debt. FY23 outlook is unchanged, underpinned by the strong market opportunity across divisions.

Companies: Anexo Group Plc

Zeus Capital
  • 22 Aug 23
Anexo Group (ANX) - Interim results: cash focus bearing fruit, FY23E 40% PBT upgrade

H1 results from ANX today suggest that the strategy announced in May of focussing increasingly on cash generation has already started to bear fruit, with net debt significantly down both YoY and as against the year end, and improved cash collection in all businesses. ANX is the UK market-leader in credit hire and legal services for impecunious no-fault motorists; at the same time its Housing Disrepair and Vehicle Emissions activities continue to develop. A net positive cash position to ANX of £

Companies: Anexo Group Plc

WHIreland
  • 10 May 23
Hybridan Small Cap Feast - 10 May 23

10th May 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectiv

Companies: TXG TXG SOLI VTU ANX SBTX IXI DCTA WATR

Hybridan
  • 10 May 23
Anexo Group plc - Full year results: Underlying PBT growth as focus shifts to cash management

Full year results from ANX this morning illustrate a solid year of trading from the group, with strong revenue growth being offset by investments in staff and marketing costs. Having invested heavily in growing cases in its working capital-intensive credit hire business in the prior year, FY2022 saw ANX shifting focus towards working capital management through investment in legal staff and a reduction in the number of vehicles on the road. In the credit hire business, this resulted in modest rev

Companies: Anexo Group Plc

WHIreland
  • 17 Apr 23
Anexo Group (ANX) - Corporate – Mercedes proceedings issued; change of CFO

The details reported by Anexo intra-day last Friday provide an update on the company's class action against Mercedes, with a clarification on the near-term timetable and a confirmation that proceedings have now been issued. Anexo is an integrated credit hire and legal services business, with growing businesses in Housing Disrepair and Vehicle Emissions ligation. The company report that proceedings have been issued against Mercedes and its affiliates in the High Court, alongside 12,000 other clai

Companies: Anexo Group Plc

WHIreland
  • 05 Apr 23
Anexo Group (ANX) - Corporate – FY22 pre-close trading update

This morning's pre-close trading update from ANX, the leading integrated credit hire and legal services provider, represents another year of progress for the group in FY2022, with steady performance in its credit hire business complemented by the growing Housing Disrepair and vehicle emissions businesses. In the credit hire business, which saw a record number of vehicles on the road at 2,366 at end FY2021, this was pared to 1,730 as at 31st December 2022, leading to increased cash generation, co

Companies: Anexo Group Plc

WHIreland
  • 18 Jan 23
WHI Support Services Sector Comment: Challenges and opportunities

Bleak expectations for the UK economy in 2023 anticipate underperformance against other G7 countries based on factors such as (a) the UK's higher than average mortgage rate sensitivity and (b) relative exposure to high gas and energy prices. Some measure of political / economic stability has returned, though this arguably remains a brittle quality, given the scope for dissent within the Conservative party and the unpredictable impacts of industrial action, among a range of factors. All of this s

Companies: PEN FOUR ANX WATR CODE SPSY

WHIreland
  • 20 Sep 22
WH Ireland: Anexo Group (ANX) - Record results demonstrate strength of model; cash-generative in FY, huge markets

Strong H1 results from ANX this morning reflect the strength of its model, with excellent H1 growth driven by the expansion in vehicle numbers in the latter part of FY21 and momentum continuing to build in the Housing Disrepair business stream (revenues up 113%). ANX is the UK market-leader in credit hire and legal services for impecunious no-fault motorists, including litigation on their behalf as required to extract payment from at-fault motorist's insurer; and this remains a strong revenue s

Companies: Anexo Group Plc

WHIreland

Anexo Group Plc

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Research Tree provides access to ongoing research coverage, media content and regulatory news on Anexo Group Plc. We currently have 113 research reports from 9 professional analysts.

Latest News/RNS

(more news)
Date Source Announcement
02Apr24 07:00 RNS Anexo Group PLC - Supreme Court Judgment on Damages for Injuries
21Feb24 07:00 RNS Anexo Group PLC - Director/PDMR Shareholding
19Feb24 07:00 RNS Anexo Group PLC - Director/PDMR Shareholding
16Feb24 07:00 RNS Anexo Group PLC - Successful Supreme Court Appeal
14Feb24 07:00 RNS Anexo Group PLC - Director/PDMR Shareholding
07Feb24 07:00 RNS Anexo Group PLC - Thirlwall Inquiry and Covid Action
01Feb24 07:00 RNS Anexo Group PLC - FY2023 Trading Update & Update on Emissions Claims
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