NAHL Group continues to make 'good progress' on strategy

Consumer marketing business NAHL Group said on Tuesday that it has continued to make "good progress" on its strategy since the publication of its 2020 full-year results on 25 May.

In NAHL's consumer legal services unit, the group's personal injury business successfully launched its small claims proposition on schedule and to plan following the implementation of the government's PI reforms on 31 May, while the firm's wholly-owned law firm, National Accident Law's, interface with the small claims portal was said to be "working well".

Turning to the AIM-listed group's critical care division, Bush & Co, NAHL said the division continued to make good progress on its strategic initiatives.

Chief financial officer James Saralis said: "Lead volumes continue to grow month on month across the group's PI business and in expert witness services in critical care. This is consistent with the gradual re-opening of the economy, albeit at a slightly reduced rate than initially anticipated because of the continued delays in lifting Covid restrictions.

"Within case management services, leads remain subdued due to reduced accident numbers in Q1. This was expected and the board anticipates that the increase in UK activity levels experienced in Q2 will feed into increased leads for case management later in the year."

NAHL added that since the announcement of its intention to investigate a potential sale of its repositioned and profitable residential property business, the board was "pleased" with the level of interest received and vowed to provide an update on the process later in the year.

As of 0900 BST, NAHL shares were up 2.92% at 49.40p.