Half Year Results 

Anexo: vehicle hire accelerates

Anexo: vehicle hire accelerates

Credit hire and legal services specialist Anexo(ANX) floated on Aim in June, and its maiden interim results require some context. In 2017, before planning to go public, management decided to focus on motorcycle claims and settling current claims, instead of pursuing new claims generation. In effect, it wanted to manage its credit hire business for cash. This led to "reduced activity" in the second half of 2017 and the start of 2018, which the company blames for the weaker showing year-on-year. But after deciding to list, and anticipating access to fresh capital, it reversed this strategy.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now