Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, announces that the Group's legal services division, Bond Turner Limited, has signed a 15 year lease for a new regional 9,745 sq.ft. office located in Bolton. Anticipated to open in November 2018, this new satellite office for Bond Turner represents an important milestone for the Group and a further deployment of the funds raised at the time of the Group's admission to AIM in June 2018 in accordance with the Group's stated use of proceeds.
Alan Sellers, Executive Chairman of Anexo Group plc, said: "We stated at the time of our IPO that an important aspect of our growth strategy was to increase the number of solicitors and legal assistants within our legal services business as this would clearly allow us to process our existing cases at a faster rate and allow us to take on more cases. Based in Liverpool, Bond Turner currently has 215 employees and recruiting further staff there would be restrained due to the lack of availability of experienced legally trained staff.
"The Bolton office alleviates this issue and we are pleased to report that Bond Turner has already made significant progress in recruiting new staff with legal services backgrounds, including existing teams."
Anexo Group is reporting its interim results for the six months ended 30 June 2018 on Wednesday, 12 September 2018.
For further information:
|Anexo Group plc
|Alan Sellers, Executive Chairman
|Tel: +44 (0) 151 227 3008
|Mark Bringloe, Chief Financial Officer
|Arden Partners plc
(Nominated Adviser and Broker)
|Chris Hardie / John Llewellyn-Lloyd / Benjamin Cryer / Alex Penney
|Tel: +44 (0) 20 7614 5900
|Henry Harrison-Topham / Steph Watson
|Tel: +44 (0) 20 7466 5000
Notes to Editors:
Anexo is a specialist integrated credit hire and legal services provider founded by Executive Chairman, Alan Sellers. The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm.
The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle. Through its dedicated sales team and network of 1,000 active referrers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, the management and recovery of costs, and the processing of any associated personal injury claim.
The Group was admitted to trading on AIM in June 2018 with the ticker ANX.
For additional information please visit: www.anexo-group.com.