Anexo Group plc
Anexo is a specialist integrated credit hire and legal services group focused on providing replacement vehicles to consumers involved in a non-fault accident. Its clients are typically impecunious and do not have options to access a replacement vehicle which allows the Group to charge credit hire rather than spot hire rates, recovering these charges from the at-fault insurer. It has a highly experienced management team with experience in both credit hire and legal services. EDGE is the Group’s specialist credit hire and initial claims management business which offers a complete solution for non-fault motorists. Its legal services business, Bond Turner, conducts the processing of the claim against at-fault motorists and their insurers and secures settlement. It also has an in-house advocacy and specialist litigation team.
Anexo Group has established itself as a provider of an end-to-end litigated claims service to predominantly impecunious non-fault motorists. It provides replacement vehicles – either from its own fleet or leased - and associated legal services. Thorough vetting of potential claims backs a high pre-court settlement rate. Currently targeting measured growth in credit hire while recruiting more high-quality litigators, Anexo is increasing its capacity to settle cases and improve cash generation. Anexo’s in-house advocacy team is currently involved in the VW emissions case which remains a potentially significant positive impact on revenue and profits. By executing on its growth strategy and managing that balance between new business generation and cash collection from existing cases, we expect Anexo to produce strong earnings growth and cash generation.