Anexo Group Plc

Anexo Group PLC is a specialist integrated credit hire and legal services group focused on providing replacement vehicles. The company provides an integrated end to end service to the customer including the provision of a credit hire vehicle, upfront settlement of repair and recovery charges through to the management and recovery of costs and the processing of any associated personal injury claim.
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  • 55p - 86p
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  • Anexo Group Plc. is a claims management business operating at the sharp end of the credit hire market and valued at £171m despite failing to generate meaningful free cash flow over the course of the last thirteen years. Anexo presents itself as a growth business executing its strategy while achieving enviable profits but its reported earnings remain underpinned by a spiralling debtor book. Our review of the practices and conduct of Anexo’s referral sources has left us with serious concerns surrounding the underlying quality of its purported growth and whether its core business will ever mature to deliver consistent cash generation.