Financial Services
Anexo Group plc
Analysts
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Company Description
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. The group's specialist credit hire and initial claims management business, EDGE, 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.
Investment Summary
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. 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.
Recent Content
A changing business model
20/09/2022 Anexo Group plc
Anexo has announced impressive H1 22 results, with 42% revenue growth and 53% PBT growth underpinned by strong […]
Investment continuing to pay off
16/06/2022 Anexo Group plc
Ahead of today’s AGM, Anexo has issued a confident trading statement covering the first four months of FY22. […]
The rewards of investment
11/05/2022 Anexo Group plc
Anexo has announced a strong set of results for FY21. Revenue of £118.2m was 8% above our forecast […]
Confident trading update and increased debt facilities
07/04/2022 Anexo Group plc
Following a strong January trading update and forecast upgrades, Anexo has issued a confident trading statement ahead of […]
Strong trading update for 2021
18/01/2022 Anexo Group plc
Anexo, the specialist integrated credit hire and legal services provider, has released a very upbeat 2021 trading statement, […]
Announcement of additional revenue stream
07/12/2021 Anexo Group plc
Anexo Group plc has this morning announced the creation of a specialist Housing Disrepair Team (HDR) within Bond […]
Significant claims contract agreed
25/11/2021 Anexo Group plc
Anexo, a specialist integrated credit hire and legal services provider, has today announced a significant agreement with UK-based […]
A focus on profitable growth opportunities.
13/09/2021 Anexo Group plc
The interim results and the commentary that accompanies the numbers make it clear that there are significant growth […]
Solid performance breeds confidence
10/05/2021 Anexo Group plc
Anexo’s recent FY 2020 results reflected a year in which the Group demonstrated its resilience in an operating […]
Firm foundations for growth in FY 2021E
25/01/2021 Anexo Group plc
Anexo’s trading update for the year to the end of December 2020 rounds up a resilient performance from […]
Opportunity knocks
12/11/2020 Anexo Group plc
Anexo has announced that private equity firm DBAY Advisors (DBAY) is to acquire a 29% stake in the […]
Company Management Team
Alan Sellers
Executive Chairman
Alan Sellers was called to the Bar in 1991 at the Gray's Inn Bar and is currently practising from the Liverpool Civil Law Chambers. Alan is an expert in civil litigation, personal injury and credit hire claims and clinical and professional negligence, and he is recognised as a leading figure in these fields. Mr Sellers was one of the founders of the business and has been instrumental in forming Anexo Group plc as it operates today. On admission, Mr Sellers will continue to practise as one of Anexo's in-house team of barristers.
Mark Fryer
Chief Financial Officer
Mark Fryer was appointed CFO in August 2022 and brings with him a significant breadth of financial expertise across a broad range of both listed and private companies. Most recently, Mark held the position of Group Finance Director at Augean plc, a leading UK specialist waste management business, where he joined the Board in December 2016. Prior to this he was Group Finance Director of Dialight PLC and Manganese Bronze Holdings PLC. He also held the position of Interim Chief Finance Officer of two private equity owned businesses, Bridon International Ltd and Nualight Limited.
