NAHL, a marketing and services business focused on the UK consumer legal market, has hailed a “solid financial performance” for 2023.
In its newly released audited results for the year ended 31 December 2023, the Kettering-based business saw a 2% increase in group revenue, to £42.2m.
Meanwhile, pre-tax profit was £650,000, up from £570,000 in 2022.
James Saralis, CEO of NAHL, said: “I am pleased with the solid financial performance that the Group delivered in 2023 and am encouraged that we continued to outperform the market in both Consumer Legal Services and Critical Care while further reducing net debt and building a more sustainable business.
“I would like to take this opportunity to thank our fantastic team for their continued hard work and commitment, driving our success.
“We demonstrated further improvements in our Personal injury business, which was again profitable and cash generative, and delivered double digit growth in Critical Care. These strong results position us well to maintain our growth and realise the step-change that we have been working towards as our own fully integrated law firm, NAL, matures.
“Building on our strong foundations and proven ability to navigate market conditions, the Board is confident in delivering the growth in profits and reduction in net debt in line with 2024 market expectations.”
In April 2024, the company announced it is evaluating a possible sale of Bush & Co.
