- Annual revenue up 8 per cent to £149mn
- Operating profit up 31 per cent to £39.8mn
- Pre-tax profit down slightly to £23mn
- Total dividend of 1.5p a share
- Net debt reduced by 7 per cent to £67.9mn
Results from Liverpool-based Anexo (ANX:64p) highlight the increasing importance of its fast-growing revenue streams and a focus on reducing borrowings.
The group provides a litigation claims process focused on the recovery of credit hire and repair costs for impecunious non-fault motorists involved in road traffic accidents (RTAs), funds class actions against carmakers, and has a housing disrepair business that provides funding for tenants making claims against landlords under the Homes (Fitness for Human Habitation) Act 2019.