5th Sep 2018 13:42
LONDON (Alliance News) - Anexo Group PLC said Wednesday that its legal services division, Bond Turner Ltd, has signed a 15 year lease for a new regional office in Bolton.
The credit hire and legal services provider said the office is an "important milestone" as it utilised funds that were raised when the group joined AIM in June.
Anexo said it anticipates that the new 9,745 square foot satellite office will open in November.
"Our growth strategy was to increase the number of solicitors and legal assistants within our legal services business as this would clearly allow us to process our existing cases at a faster rate and allow us to take on more cases. We are pleased to report that Bond Turner has already made significant progress," said Chairman Alan Sellers.
Based in Liverpool, Bond Turner currently has 215 employees and recruiting further staff there would be "restrained due to the lack of availability of experienced legally trained staff".
However, the Bolton office is expected to alleviate this issue. Bond Turner has already made "significant" hiring progress.
Anexo plans to release its interim results on September 12.
Shares in the company were untraded on Wednesday at 115.00 pence.
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