REG - NAHL Group PLC - AGM Statement

NAHLAnnouncement

25/05/2023 07:00

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RNS Number : 5807A  NAHL Group PLC  25 May 2023

25 May 2023

NAHL Group PLC

("NAHL" or the "Group")

 

AGM Statement

 

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

 

"Since the publication of the 2022 Final Results on 22 March 2023, the Group
has continued to make progress in scaling both of its divisions.

 

"In Consumer Legal Services, the number of personal injury enquiries generated
in the first four months of the year (the "Period") was consistent with last
year (excluding tariff-only road traffic accident ("RTA")  claims, which we
ceased processing in February 2022) and the Group's market-leading brand,
National Accident Helpline, delivered a good performance in organic search.
The business saw higher than expected supply of RTA enquiries in the Period,
which may be due to recent consolidation in the industry, which has resulted
in the division placing increased levels of RTA work into its wholly-owned law
firm, National Accident Law ("NAL").  The Group will continue to utilise its
agile placement model to manage volumes.

 

"The Group continues to make progress in scaling NAL and placed 8% more
enquiries into NAL in the Period.  Cash received from settled claims in NAL
increased by 108%.

 

"In Critical Care, Bush & Co. has grown both Case Management and Expert
Witness services, and

issued 25% more Expert Witness reports in the Period than the same period last
year.  As a result of its marketing and business development activities, the
pipeline of work for Bush & Co. remains strong for the remainder of the
year.

 

"Finally, in April and as previously announced, the Group completed the sale
of its conveyancing business, Homeward Legal.  The subsidiary was considered
non-core to the Group's principal focus in Consumer Legal Services and
Critical Care and its sale will allow us to further focus on delivering value
in these key areas.

 

"The Board's expectations for the full year remain unchanged and we look
forward to providing a trading update later in the year on the half year
results."

 

 

For further information:

 

 NAHL Group PLC                                                 via FTI Consulting

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

 Chris Higham (CFO)

 Allenby Capital (AIM Nominated Adviser & Broker)               Tel: +44 (0) 20 3328 5656

 Jeremy Porter/Vivek Bhardwaj (Corporate Finance)

 Amrit Nahal/Stefano Aquilino (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 claims processing services to
individuals through National Accident Law, Law Together and Your 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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