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Anexo chairman makes £1.7m sale

The credit hire and legal services provider is looking to realise the value of its case backlog as a cash-generating asset
November 28, 2019

Specialising in not-at-fault motor accidents, Anexo’s (ANX) credit hire division provides replacement vehicles, while its legal services business, Bond Turner, recovers costs from at-fault drivers’ insurance companies. Having built up the hire fleet, focus has shifted to recruiting more litigators and increasing the cash generated from its case backlog. Adding 20 senior fee earners in the first half of 2019, cash collections from settled cases rose by 30 per cent to £37m.

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