Anexo confident of coming year after topping expectations

Legal services outfit Anexo anticipates pre-tax profits will come in ahead of current market expectations after continuing to "trade strongly" in its current financial year.

Anexo also stated it was "confident" regarding its 2019 outlook, but that at this stage it was not willing to upgrade its forecasts for the year.

Elsewhere, Anexo revealed that its Bond Turner subsidiary's new Bolton-based office had become operational on Monday.

The AIM-listed firm's new 9,745 square foot location currently houses a 25-strong team of solicitors, legal executives and litigation specialists and will soon accommodate a new team of specialist credit hire litigators.

Chairman Alan Sellers, said: "We are delighted to be able to update the market today on the strong progress that the group has made since our successful flotation in June."

"Importantly, the expansion of Bond Turner and the new regional office will allow us to not only process our existing cases at a faster rate but also to take on more cases, which we believe will have a positive financial impact for the group going forward."

As of 0845 GMT, Anexo shares had climbed 7.63% to 127p.