REG - Anexo Group PLC - Establishment of Housing Disrepair Team

AnexoAnnouncement

07/12/2021 07:00

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RNS Number : 7194U  Anexo Group PLC  07 December 2021

 For immediate release  7 December 2021

 

Anexo Group plc

('Anexo' or the 'Group')

 

Establishment of Housing Disrepair Team

 

Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal
services provider, is pleased to announce the formation of a new team within
its legal services division, Bond Turner, to deal with claims arising from
housing disrepair.

 

Highlights

·    Formation of a specialist Housing Disrepair ("HDR") team within Bond
Turner

·    The HDR team is currently engaged in almost 1,600 cases and this
figure is expected to rise substantially during 2022

·    Housing trends indicate a move away from owner occupation towards
either private or social rental

·    12% of social housing dwellings and 23% of private rented dwellings
fail to meet the Decent Homes Standard

·    5% of social housing dwellings and 13% of private rented dwellings
suffer from a Category 1 Hazard, defined as damp and mould growth

 

Alan Sellers, Executive Chairman of Anexo, said:

 

"It has been apparent for some time that large numbers of tenants, including
many of our customers, are suffering from poor quality housing. The new HDR
team will be able to help claimants by ensuring that their landlords, whether
they be local authorities, housing associations or private landlords, are
obliged to maintain their homes to a decent standard. This includes a
reasonable state of repair, the provision of reasonably modern facilities, and
reasonable thermal comfort, including the absence of damp and mould."

 

"Bond Turner has built an excellent reputation for helping people who have
been placed in an invidious position through no fault of their own. We believe
that by addressing the problem of sub-standard housing, we are performing a
socially useful function and helping to raise standards across the board. We
look forward to growing our HDR casebook and believe that it will become a
significant contributor to Group revenues."

 

About Housing Disrepair

 

According to the Government's English Housing Survey for 2019 to 2020, there
were 4.4 million privately rented homes and 4.0 million socially rented homes
in England. There has been a trend away from owner occupation towards either
private or social rental. This trend is likely to continue, given the ongoing
economic impact of the COVID-19 pandemic.

 

12% (480,000) of social housing dwellings and 23% (1.01 million) private
rented dwellings fail to meet the Decent Homes Standard, which is a technical
standard for public housing defined by the Government. In addition, 5%
(200,000) of social housing dwellings and 13% (572,000) of private rented
dwellings suffer from a Category 1 Hazard, defined as damp and mould growth.

 

The Homes (Fitness for Human Habitation) Act came into force in 2019 to ensure
that rented houses and flats are fit for human habitation. The Act has given
more power to tenants to take action against negligent or irresponsible
landlords.

 

The specialist HDR team within Bond Turner has considerable experience in
covering this area. Claims can involve both redress and compensation, where
appropriate. Claimants are frequently identified through Bond Turner's
internal database. The team also uses appropriate social media marketing to
identify possible claimants. The HDR team is overseen by Samantha Moss,
Managing Director of Bond Turner.

 

The number of cases with which the HDR team is currently engaged is
approaching 1,600 and this figure is expected to rise substantially during
2022.

 

 

- Ends -

 

 

For further enquiries:

 Anexo Group plc                                    +44 (0) 151 227 3008

                                                    www.anexo-group.com (http://www.anexo-group.com)
 Alan Sellers, Executive Chairman

 Mark Bringloe, Chief Financial Officer

 Nick Dashwood Brown, Head of Investor Relations

 Arden Partners plc

 (Nominated Adviser and Broker)
 John Llewellyn-Lloyd / Louisa Waddell (Corporate)  +44 (0) 20 7614 5900

 Tim Dainton (Equity Sales)                         www.arden-partners.co.uk (http://www.arden-partners.co.uk)

 Panmure Gordon

 (Joint Broker)                                                              +44 (0) 20 7886 2500

 Ed Walsh/Dominic Morley                            www.panmure.com

Notes to Editors:

 

Anexo is a specialist integrated credit hire and legal services provider. 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 Credit Hire sales team and network of over 1,100 active
introducers around the UK, Anexo provides customers with an end-to-end service
including the provision of Credit Hire vehicles, assistance with repair and
recovery, and claims management services. The Group's Legal Services division,
Bond Turner, provides the legal support to maximise the recovery of costs
through settlement or court action as well as 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
(http://www.anexo-group.com) . To subscribe to our investor alert service and
receive all press releases, financial results and other key shareholder
messages as soon as they become available, please visit:
https://www.anexo-group.com/content/investors/alert.asp
(https://www.anexo-group.com/content/investors/alert.asp) .

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