The CEO of NAHL, the Kettering-headquartered company behind the National Accident Helpline brand, is “pleased” with the financial performance of the group in its latest financial year, as the firm returned to growth.
According to a new trading update for the year ended 31 December 2022, the marketing and services business, focused on the UK consumer legal market, is expecting to report revenues of £41.5m, up from £38.9m in the year prior.
Profit before tax meanwhile is expected to be approximately £0.6m, growing from £0.2m.
James Saralis, CEO of NAHL, said: “Despite the well-documented headwinds across the economy, I’m really pleased with the financial performance of the group during the year. NAHL returned to growth, with revenues increasing by 7% and operating profit by 14%, and we continued to invest for the future whilst significantly reducing our debt, which exited 2022 at £13.3m.
“Both our Consumer Legal Services and Critical Care divisions advanced their strategies, with our Personal Injury business returning to profit. This is an important milestone in our plan to build a more sustainable and profitable business in the medium-term.
“Looking ahead, whilst the personal injury market remains subdued, we are cautiously optimistic that the investments we are making leave us well placed to continue our growth and strong cash generation in 2023. Finally, I would like to take this opportunity to thank all of our people who worked tirelessly throughout the year to strive for the best results for all of our stakeholders.”
