Tim Redfern / Richard Chambers (ECM) Important notices This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of any offer to buy, sell, subscribe for any securities or the solicitation of any vote in any jurisdiction. The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction. About Frenkel Topping Group:
NAHL Group plc (AIM: NAH) is a leader in the Consumer Legal Services ( CLS ) market. The Group provides services and products to individuals and businesses in the CLS market through its two divisions: · Consumer Legal Services provides outsourced marketing services to law firms through National Accident Helpline and Homeward Legal; and claims processing and conveyancing services to individuals through Your Law, Law Together, National Accident Law and National Conveyancing Partners. In addition, it also provides property searches through Searches UK. · Critical Care provides a range of specialist services in the catastrophic and serious injury market to both claimants and defendants through Bush & Co.
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By Gazette reporter2020-12-16T10:54:00+00:00
National Accident Helpline has revealed that talks over a potential takeover of the claims management company have been extended into a fourth month, amid a ‘steady recovery’ in trading. Income for the five months to 30 November came in at £17.9m, just 15% lower than for the same period in 2019. Personal injury enquiries in the third quarter bounced back to 67% of last year’s total by volume.
NAHL announced to the London Stock Exchange in September that it had received a preliminary approach from the financial and wealth management outfit Frenkel Topping to buy the business in full. Talks were extended in November. Today’s announcement of a further delay raises a question mark over whether a deal will be done.