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IN BRIEF: NAHL shares up on potential sale of Bush & Co

5th Apr 2024 14:29

NAHL Group PLC - Kettering, UK-base consumer marketing services provider focused on the legal services market - Notes "recent speculation" regarding a potential sale of its business Bush & Co Rehabilitation Ltd. Bush & Co are specialists in case management and expert witness services for individuals pursuing compensation claims following serious injuries. NAHL says that it is pleased with the progress made by Bush & Co in growing its revenues and profitability, and believes "there is an exciting opportunity for that business in its market". In 2023, Bush & Co delivered GBP42.2 million in revenue and GBP0.6 million in pretax profit.

However, NAHL says it is considering selling the asset and has appointed an advisor in relation to the potential sale. NAHL notes that the sale is "at a very early stage", and says there is no certainty it will complete, with no discussions having taken place with a potential purchaser so far.

Current stock price: 72.00 pence per share, up 11% in London on Friday

12-month change: up 73%

By Hugh Cameron, Alliance News reporter

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