NAHL, the Kettering-based marketing and services business focused on the UK consumer legal market, has seen revenues slip in 2024.
According to a trading update from the business, which is behind National Accident Helpline, revenues for the period are expected to decline to £38.8m, down from £42.2m in 2023. This is 8% lower than last year due to an anticipated reduction in revenues from the firm’s Personal Injury business.
Underlying operating profit, meanwhile, is expected to be approximately £3.9m, decreasing from £4.4m in 2023, after the deduction of £0.6m exceptional costs associated with the potential disposal of the group’s Critical Care business (£0.4m) and the associated restructure of the group’s Personal Injury business (£0.2m).
Profit before tax (PBT) for the period, however, is expected to increase 23% to £0.8m from £0.6m.
The results came as NAHL confirmed that it is in exclusive discussions with a potential buyer for Bush & Co. and due diligence and negotiations have moved to the next stage.
