Performance in line with expectations at NAHL as new law firm launched

Revenue has risen 3.9% to £25.8m (2018 H1: £24.9m) at NAHL, the Kettering-based marketing and services business focused on the UK consumer legal market, while profit before tax has decreased to £4.6m (2018 H1: £5.3m), according to interim results for the six months ended 30 June 2019.

The news comes alongside the launch of a new ABS law firm, Law Together LLP.

Russell Atkinson, CEO of NAHL, said: “As a Group, we are pleased with the overall progress made in the first half of the year. The strategic transformation of our Personal Injury (PI) business continues and the changes put in place are now yielding positive results.

“Our wholly owned law firm, National Accident Law, has made encouraging progress since its launch in April 2019 and we are continuing to grow the number of enquiries being placed through our Legal Services business unit. Our focus remains on taking an economic interest in the success of the whole claim and capturing more value over the long-term. To this end, we are pleased to announce the launch of a new law firm, Law Together LLP, to help take advantage of the opportunities ahead.

“In our Critical Care division, we saw another strong performance, growing operating profit by 12.6% in the period as we begin the process of investing in the technology platform to position it for further growth. Conditions within the residential property market have been well documented and remain challenging.  The leadership team in our Residential Property division are focused on a range of initiatives to grow market share.

“We are encouraged by the progress made in the year so far, and although fully cognisant of the challenges ahead, we remain confident of achieving a full year result in line with our underlying EPS expectations.”