National Accident Helpline posts strong growth figures in trading update

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National Accident Helpline says that its revenue grew by 10.4% in 2014, to £43.8m.

The news comes after the claims management giant released a trading update yesterday which showed that it had experienced a 15.3% growth in enquiries last year.

The company also announced that cash flow has continued to be strong with the Group ending the year with a net cash figure of £1.2m. It also revealed that following the maiden interim dividend of 5p paid on 31 October 2014, it would announce a final proposed dividend in its forthcoming results announcement on 24 March which will be paid in May.

It now expects that it will delivers operating profits ahead of market expectations when it announces its full results in March.

“Trading in our first financial year as a quoted company has been very encouraging,” said Russell Atkinson, the CEO of NAHL.

“Our enquiry growth reflects our strategy of gaining market share and we continue to focus our efforts on the higher value non-RTA and medical negligence sectors.”

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Marek Handzel

Marek Handzel is the editor of Claims Magazine. Marek welcomes articles, letters, or feedback from readers and can be reached by emailing marek.handzel@barkerbrooks.co.uk