Anexo Group plc (LON:ANX) is the topic of conversation when Ian Poulter, Head of Research at Progressive Research joins DirectorsTalk. Ian shares his thoughts on DBAY Investors’ acquisition of a 29% stake in the business, talks us through the main points from the trading update, the effects on cash flow and reminds us what was said about the VW emissions case.
Anexo Group is a specialist integrated credit hire and legal services group focused on providing replacement vehicles and associated legal services to impecunious customers* who have been involved in a non-fault accident.
Anexo’s clients typically 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 at no upfront cost to the client.
The Group 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 1,150 active introducers in 2017. 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.