REG - NAHL Group PLC - AGM Statement

NAHLAnnouncement

15/06/2022 07:00

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RNS Number : 8565O  NAHL Group PLC  15 June 2022

15 June 2022

NAHL Group PLC

("NAHL" or the "Group")

AGM Statement

James Saralis, CEO of NAHL (AIM: NAH), the leading UK marketing and services
business focused on the UK consumer legal market, will make the following
statement at the Group's Annual General Meeting ("AGM") being held at 10 a.m.
today:

"Since the publication of the 2021 Final Results on 29 March 2022, the Group
has continued to perform in line with market expectations.

"In the first five months of the year (the "Period"), the Group's Consumer
Legal Services division generated 34% more personal injury enquiries than the
equivalent period last year, in a claims market that remains subdued following
the impact of the COVID-19 pandemic and the introduction of the Civil
Liability Act reforms last year.  In line with its strategy, the Group
continued to grow and invest in its fully integrated law firm, National
Accident Law ("NAL").  26% of total enquiries were distributed to NAL in the
Period, representing an increase in the number of enquiries allocated to NAL
of 95% compared to the equivalent period last year.  In addition to growing
the value of its book of ongoing claims, NAL also collected 21% more cash from
settlements in the Period, compared to the prior year.  Earlier this month,
National Accident Helpline launched a new TV advertising campaign intended to
further strengthen its brand position and contribute to volume growth.

"In the Critical Care division, Bush & Co. has made encouraging progress
following the effects of the pandemic.  The number of initial needs
assessments ("INAs") completed and expert witness reports issued to customers
in the Period increased by 10% and 9% respectively, compared to last year and
the number of instructions for INAs and expert witness reports was up 20% and
13% respectively. The Board is pleased to report that investment in marketing
and business development continues to deliver a strong pipeline of work.

"Overall, the Board's expectation for the full year remains unchanged and the
Group will provide a trading update for the six months to 30 June 2022 on 1
August 2022."

 

For further information please call:

 NAHL Group PLC                                                  via FTI Consulting

 James Saralis (CEO)                                             Tel: +44 (0) 20 3727 1000

 Chris Higham (CFO)

 Allenby Capital (Nomad & Broker)                                Tel: +44 (0) 20 3328 5656

 Jeremy Porter/Liz Kirchner/Vivek Bhardwaj (Corporate Finance)

 Amrit Nahal (Sales & Corporate Broking)

 FTI Consulting (Financial PR)                                   Tel: +44 (0) 20 3727 1000

 Alex Beagley                                                    NAHL@fticonsulting.com

 Sam Macpherson

 Amy Goldup

Notes to Editors

NAHL Group plc (AIM: NAH) is a leader in the Consumer Legal Services market.
The Group provides services and products to individuals and businesses in the
through its two divisions:

·      Consumer Legal Services provides outsourced marketing services
to law firms through National Accident Helpline and Homeward Legal; and claims
processing and conveyancing services to individuals through Your Law, Law
Together and National Accident Law.  In addition, it also provides property
searches through Searches UK.

·      Critical Care provides a range of specialist services in the
catastrophic and serious injury market to both claimants and defendants
through Bush & Co.

 

More information is available at www.nahlgroupplc.co.uk
(http://www.nahlgroupplc.co.uk/) , www.national-accident-helpline.co.uk
(http://www.national-accident-helpline.co.uk/) ,
www.national-accident-law.co.uk (http://www.national-accident-law.co.uk/)
and www.bushco.co.uk (http://www.bushco.co.uk/) .

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