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Anexo Group - improving cash collection is looking very encouraging

10/09/2019 · Anexo Group PLC (ANX) 

Anexo Group - improving cash collection is looking very encouraging
Anexo Group is a specialist legal services business supporting impecunious customers who have been involved in a non-fault accident. The rating looked attractive at IPO and it hasn't disappointed with the latest interim results pointing to an improvement in cash collection. There could be plenty more to go for as the expanding litigation team encourages insurers to pay up quicker.

In simple terms, Anexo Group (LON:ANX) funds small insurance claims for people involved in accidents through no fault of their own, who do not have the financial means to contest these claims themselves. The claims largely reflect the provision of repairs and replacement vehicles, with the business model underpinned by case law. Personal injury represents a very small element of their business.

It has developed an integrated business model with a dedicated field sales team generating almost all of the group’s road traffic accident customers from a network of approximately 1,100 active referrers around the UK.

The group provides an integrated end to end service to the customer including the provision of a credit hire vehicle, upfront settlement of repair and recovery charges through to the management and recovery of costs and the processing of any associated personal injury claim. The group funds these claims from its own internal resources and instructs its own team of…

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