Anexo Group PLC (AIM:ANX), a specialist in providing comprehensive solutions for non-fault motorists through its Credit Hire and Legal Services Divisions, gave a presentation at the Proactive One2One Investor Forum.
Nick Dashwood Brown, Head of Investor Relations at Anexo discusses how the company excels in assisting the impecunious market, offering replacement vehicles on credit to those unable to afford them due to accidents. Since its inception in 1996, Anexo has expanded its services to include commercial vehicles, motorcycles, and bicycles, ensuring support for customers without the means to navigate the aftermath of accidents on their own.
The company's unique business model thrives on referrals from independent garages, enabling direct customer engagement and fostering repeat business, particularly in the motorcycle segment. Anexo's legal arm, Bond Turner, pursues at-fault insurance companies, ensuring clients are rightfully compensated. This approach has led to a success rate in litigation, with Anexo winning 98% of cases before court.
Financially, Anexo has demonstrated solid performance, with notable profit before tax and a focus on cash generation and debt reduction. The firm's market presence is vast, yet with a 3% market share in a landscape of 33 million cars and 1.5 million motorcycles in the UK, the potential for growth is significant.
Anexo's foray into housing disrepair claims and emissions class actions further diversifies its portfolio, positioning it as a leader in legal advocacy for those affected by negligence or corporate malfeasance.
As Anexo continues to navigate the complexities of legal claims and credit hire services, its dedication to justice and client support underscores its growth trajectory and commitment to making a tangible difference in the lives of those it serves.
