28th Jan 2020 12:14
(Alliance News) - Anexo Group PLC on Tuesday said its performance improved in 2019, thanks to increased case settlements and cash collection.
The legal services provider said it has made a "strong" progress in 2019 and expects to report its adjusted pretax profit in line with current market expectations.
Anexo said its improved performance reflects the continued expansion of the legal services division and the consequent increase in cash collection.
The company said the Bolton office of Bond Turner, which is a part of Anexo, doubled the size of its office space to almost 20,000 squsre feet in the second half of 2019.
As a result, Bond Turner now expects to open an office in Leeds during the first quarter of 2020, Anexo said. This new regional office will offer opportunities for the recruitment of further staff, the company explained, as headcount within Bond Turner is expected to continue to expand.
Anexo will report its 2019 results on April 21, it said.
The stock was trading 0.3% lower in London on Tuesday at 180.00 pence a share.
By Evelina Grecenko; [email protected]
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