A Liverpool-based specialist integrated credit hire business, which was the subject of a collapsed takeover bid recently, has reported a surge in its half-year results.
Anexo Group has reported a turnover of £48.3m for the six months to June 30, 2021, up from the £36.6m it posted during the same period in 2020.
The listed company has also achieved a pre-tax profit of £8.9m, a rise from £6.3m.
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The figures come after a takeover attempt of the business by an international asset management firm collapsed in August.
Executive chairman Alan Sellers said: "I am pleased to report that the group has performed robustly during the first half of the year, notwithstanding the considerable challenges posed by the Covid-19 pandemic.
"Business activity in both our credit hire and legal services divisions have recovered strongly.
"We continue to put record numbers of vehicles on the road and to maximise cash collections by carefully managing hire periods and increasing the overall number of case settlements.
"The rise in vehicle demand and our continued focus on cash collections provide an excellent opportunity to further implement the group's fundamental growth strategy.
"Our existing finance providers have offered increased facilities, the details of which are currently being finalised. These will allow us to increase the deployment of our fleet and accelerate the number of new cases we take on, while enabling ongoing investment in high quality litigators; thereby ensuring we maintain the relationship between new business and settlement capacity which has been the focus of the group since listing.
"Following the amicable cessation of exploratory takeover talks, DBAY Advisers Ltd retains a seat on the board as a major supportive shareholder.
"We believe that our growth strategy offers the best possible opportunity to create significant value for all our shareholders.
"We remain committed to our stated dividend policy and we look to the future with confidence."
