TIDMANX
RNS Number : 7194U
Anexo Group PLC
07 December 2021
For immediate release 7 December 2021
Anexo Group plc
('Anexo' or the 'Group')
Establishment of Housing Disrepair Team
Anexo Group plc (AIM: ANX), the specialist integrated credit
hire and legal services provider, is pleased to announce the
formation of a new team within its legal services division, Bond
Turner, to deal with claims arising from housing disrepair.
Highlights
-- Formation of a specialist Housing Disrepair ("HDR") team within Bond Turner
-- The HDR team is currently engaged in almost 1,600 cases and
this figure is expected to rise substantially during 2022
-- Housing trends indicate a move away from owner occupation
towards either private or social rental
-- 12% of social housing dwellings and 23% of private rented
dwellings fail to meet the Decent Homes Standard
-- 5% of social housing dwellings and 13% of private rented
dwellings suffer from a Category 1 Hazard, defined as damp and
mould growth
Alan Sellers, Executive Chairman of Anexo, said:
"It has been apparent for some time that large numbers of
tenants, including many of our customers, are suffering from poor
quality housing. The new HDR team will be able to help claimants by
ensuring that their landlords, whether they be local authorities,
housing associations or private landlords, are obliged to maintain
their homes to a decent standard. This includes a reasonable state
of repair, the provision of reasonably modern facilities, and
reasonable thermal comfort, including the absence of damp and
mould."
"Bond Turner has built an excellent reputation for helping
people who have been placed in an invidious position through no
fault of their own. We believe that by addressing the problem of
sub-standard housing, we are performing a socially useful function
and helping to raise standards across the board. We look forward to
growing our HDR casebook and believe that it will become a
significant contributor to Group revenues."
About Housing Disrepair
According to the Government's English Housing Survey for 2019 to
2020, there were 4.4 million privately rented homes and 4.0 million
socially rented homes in England. There has been a trend away from
owner occupation towards either private or social rental. This
trend is likely to continue, given the ongoing economic impact of
the COVID-19 pandemic.
12% (480,000) of social housing dwellings and 23% (1.01 million)
private rented dwellings fail to meet the Decent Homes Standard,
which is a technical standard for public housing defined by the
Government. In addition, 5% (200,000) of social housing dwellings
and 13% (572,000) of private rented dwellings suffer from a
Category 1 Hazard, defined as damp and mould growth.
The Homes (Fitness for Human Habitation) Act came into force in
2019 to ensure that rented houses and flats are fit for human
habitation. The Act has given more power to tenants to take action
against negligent or irresponsible landlords.
The specialist HDR team within Bond Turner has considerable
experience in covering this area. Claims can involve both redress
and compensation, where appropriate. Claimants are frequently
identified through Bond Turner's internal database. The team also
uses appropriate social media marketing to identify possible
claimants. The HDR team is overseen by Samantha Moss, Managing
Director of Bond Turner.
The number of cases with which the HDR team is currently engaged
is approaching 1,600 and this figure is expected to rise
substantially during 2022.
- Ends -
For further enquiries:
Anexo Group plc +44 (0) 151 227 3008
www.anexo-group.com
Alan Sellers, Executive Chairman
Mark Bringloe, Chief Financial Officer
Nick Dashwood Brown, Head of Investor
Relations
Arden Partners plc
(Nominated Adviser and Broker)
John Llewellyn-Lloyd / Louisa Waddell +44 (0) 20 7614 5900
(Corporate) www.arden-partners.co.uk
Tim Dainton (Equity Sales)
Panmure Gordon
(Joint Broker) +44 (0) 20 7886 2500
Ed Walsh/Dominic Morley www.panmure.com
Notes to Editors:
Anexo is a specialist integrated credit hire and legal services
provider. The Group has created a unique business model by
combining a direct capture Credit Hire business with a wholly owned
Legal Services firm. The integrated business targets the
impecunious not at fault motorist, referring to those who do not
have the financial means or access to a replacement vehicle.
Through its dedicated Credit Hire sales team and network of over
1,100 active introducers around the UK, Anexo provides customers
with an end-to-end service including the provision of Credit Hire
vehicles, assistance with repair and recovery, and claims
management services. The Group's Legal Services division, Bond
Turner, provides the legal support to maximise the recovery of
costs through settlement or court action as well as the processing
of any associated personal injury claim.
The Group was admitted to trading on AIM in June 2018 with the
ticker ANX.
For additional information please visit: www.anexo-group.com .
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END
MSCFLFSSFVLRIIL
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