NAHL Group

NAH · AIM · Industrial Goods and Services · mcap £18m · 44.6p

NAHL runs National Accident Law, which handles personal injury claims for consumers, and Bush & Co, which provides case management and expert witness services in critical care. It also owned Searches UK, a small property searches business, now sold.

Key announcements Monitoring checked today, 23:05

All · 72 Key · 29

Date	Type	Announcement	Day
08 Oct 26		Completion of the sale of Searches UK Limited Completed sale of non-core subsidiary Searches UK Limited for £1,234,000 on cash and debt-free basis.	+1.6%
		Enterprise value £1,234,000
30 Sep 26	Results	Half-year Results H1 2026 revenue grew 5% to £18.3m and profit before tax increased 31% to £2.3m with strong cash generation.	+7.2%
		in line with management's expectations expectations Revenue £18.3m (£17.5m)Underlying operating profit £3.4m (£3.0m)Profit before tax £2.3m (£1.8m)Basic EPS from continuing operations 3.5p (2.7p)Cash from operations £3.6m (£2.8m)Net debt £1.1m (£3.2m)
28 Sep 26		Settlement of Contract Dispute NAHL settles long-standing contract dispute, receiving £1.85m settlement by 15 October 2026.	+3.7%
		Settlement amount £1.85m
23 Sep 26		Notice of Interim Results & Investor Presentation NAHL Group to announce interim results for half year ended 30 June 2026 on 30 September 2026.	+2.8%
27 Aug 26		Proposed sale of Searches UK Limited NAHL agrees to sell Searches UK Limited to TM Group for £1.234m enterprise value.	+5.4%
		Enterprise value £1,234,000Net cash proceeds to Group (estimated) £1,122,000Transaction costs (estimated) £75,000Searches UK FY2025 revenues £3,343,000Searches UK FY2025 EBITDA £363,000EV/Adjusted EBITDA multiple 5.25x
22 Jul 26	Trading update	Half Year Trading Update H1 2026 revenues 3% ahead at £19.7m with underlying operating profit up 8% to £3.4m and net debt down 68%.	−1.9%
		in line with management expectations expectations Revenue £19.7m (£19.1m)Underlying operating profit £3.4m (£3.2m)Free cash flow £2.1m (£1.5m)Net debt £1.0m (£3.2m)Consumer Legal Services revenue £11.3m (£11.0m)Critical Care revenue £8.5m (£8.2m)
25 Jun 26		AGM Statement Chair confirms positive trading momentum continues into Q2 2026; full year guidance unchanged.	−0.3%
		in line expectations
19 May 26		Exercise of Share Options and Total Voting Rights 237,000 new ordinary shares issued from exercise of employee share options.	+1.2%
07 May 26	Results	Final Results and Investor Presentation FY25 revenue increased 3% to £40.0m; underlying profit before tax up 260% to £5.0m; net debt reduced 55% to £3.2m.	+16.2%
		in line expectations Group Revenue £40.0m (£38.8m)Underlying Profit Before Tax £5.0m (£1.4m)Profit Before Tax £4.4m (£(39.1)m)Net Debt £3.2m (£7.1m)Free Cash Flow £3.9m (£2.6m)Consumer Legal Services Revenue £23.8m (£22.9m)
27 Jan 26	Trading update	Year End Trading Update FY2025 revenues 3% ahead and underlying operating profit up 86% to £7.3m; net debt cut 55% to £10-year low.	+1.4%
		in line expectations Revenue c. £40.0m (£38.8m)Underlying operating profit c. £7.3m (£3.9m)Underlying profit before tax c. £5.0m (£1.4m)Free cash flow £3.9m (£2.6m)Net debt £3.2m (£7.1m)NAL claims settled 3,197
24 Sep 25	Results	Half-year Results H1 2025 revenue flat at £19.2m, underlying operating profit up 74% to £3.2m, net debt fell to 10-year low of £5.6m.	−3.9%
		in line expectations Revenue £19.2m (£19.4m)Underlying operating profit £3.2m (£1.8m)Profit before tax £1.9m (£0.5m)Basic earnings per share 3.0p (0.7p)Free cash flow £1.5m (£0.7m)Net debt £5.6m (£9.0m)
19 Aug 25		Exercise of Share Options and Total Voting Rights 25,000 share options exercised by employees at nominal value, total voting rights now 48,226,103 shares.	−1.3%
30 Jul 25		Exercise of Share Options and Total Voting Rights 25,000 new ordinary shares issued following exercise of employee share options.	+11.4%
30 Jul 25	Trading update	Half Year Trading Update H1 2025 revenues flat at £19.2m but underlying operating profit up 67% to £3.2m; net debt reduced 21% to £5.6m.	+11.4%
		in line expectations Revenue (H1 2025) £19.2m (£19.2m (H1 2024))Underlying operating profit (H1 2025) £3.2m (£1.9m (H1 2024))Free cash flow (H1 2025) £1.4m (£0.7m (H1 2024))Net debt (30 June 2025) £5.6m (£7.1m (31 December 2024))National Accident Law case settlements cash (H1 2025) £5.3m (£4.5m (H2 2024))Enquiry acquisition cost reduction (vs September 2024 peak) c. 32% lower
30 Jun 25		Exercise of Share Options and Total Voting Rights 168,000 new ordinary shares issued following exercise of employee share options.	+4.0%
26 Jun 25		AGM Statement NAHL confirms Q1 momentum continued into Q2, reaffirms full year guidance in line with market expectations.	+13.8%
		in line expectations
19 Jun 25		Cessation of sale process of Bush & Co. Disposal process for Critical Care business Bush & Co. concluded without a sale.	−7.8%
30 May 25	Results	Annual Report & Accounts and Notice of AGM NAHL Group posts Annual Report and Accounts for year ended 31 December 2024 and notices AGM for 26 June 2025.	+3.3%
07 May 25	Results	Final Results and Investor Presentation FY2024 revenue fell 8% to £38.8m; underlying operating profit £3.9m; net debt reduced 27% to £7.1m.	+0.0%
		in line with market expectations expectations Group Revenue £38.8m (£42.2m)Underlying Operating Profit £3.9m (£4.1m)Net Debt £7.1m (£9.7m)Underlying Profit Before Tax £1.4m (£0.6m)NAL settlement cash collected £8.5m (£6.0m)Free Cash Flow £2.6m (£3.6m)
29 Jan 25	Trading update	Year End Trading Update Full-year revenues £38.8m (down 8%), PBT £0.8m (up 23%), net debt reduced to £7.1m.	+7.0%
		in line expectations Revenue £38.8m (£42.2m)Underlying operating profit £3.9m (£4.4m)Profit before tax £0.8m (£0.6m)Net debt £7.1m (£9.7m)NAL new enquiries 5,892 (8,518)NAH new enquiries 19,744 (35,643)
23 Dec 24		Update on potential disposal of Bush & Co. NAHL confirms discussions progressing with final bidders for Bush & Co. Critical Care business disposal.	+1.5%
24 Sep 24	Results	Half-year Results H1 revenue down 7% to £19.4m; operating profit flat at £1.8m; net debt reduced to £9.0m. Exploring Bush & Co sale.	+11.2%
		in line with management's expectations expectations Revenue £19.4m (£21.0m)Operating profit £1.8m (£1.8m)Profit before tax £0.5m (£(0.0)m)Net debt £9.0m (£9.7m)Free cash flow £0.7m (£1.8m)Bush & Co revenue growth 11%
08 Aug 24	Trading update	Half Year Trading Update H1 2024 revenues £19.4m, down from £21.0m; operating profit in line with prior year; net debt reduced to £9.0m.	+4.6%
		in line expectations H1 2024 revenues £19.4m (£21.0m)Operating profit broadly in line with last yearNet debt £9.0m (£9.7m)
27 Jun 24	Trading update	AGM Statement and Trading Update NAH Group flags significantly lower revenues and profits for 2024 due to higher enquiry acquisition costs and slower market recovery.	−15.2%
		below expectations NAL claims settled 19% more (five months to 31 May 2024 vs 2023)NAL cash from settlements £3.3m (56% increase)NAH enquiries generated approximately 9,700 (33% fewer than equivalent period 2023)NAH marketing spend reduction 45% (Q1 2024)
30 May 24	Results	Annual Report & Accounts and Notice of AGM Annual Report and Accounts for year ended 31 December 2023 posted; AGM scheduled for 27 June 2024.	−2.4%
02 May 24	Results	Final Results Revenue grew 2% to £42.2m, operating profit fell 13% to £4.1m, net debt reduced 27% to £9.7m.	+1.4%
		Group Revenue £42.2m (£41.4m)Operating Profit £4.1m (£4.8m)Profit Before Tax £0.65m (£0.57m)Net Debt £9.7m (£13.3m)Free Cash Flow £3.6mBasic Continuing EPS 0.9p (0.8p)
05 Apr 24		Response to speculation Board confirms investigating potential sale of Critical Care business Bush & Company Rehabilitation Limited.	+12.7%
08 Mar 24		Renewal of Banking Facilities NAHL renewed banking facilities with Clydesdale Bank/Virgin Money, extending RCF maturity to December 2025 and reducing limit to £15m.	+0.8%
		RCF limit £15mRCF maturity extended to 31 December 2025Net debt £9.7m (£13.3m)Interest rate 2.25% above SONIA
24 Jan 24	Trading update	Year End Trading Update FY2023 revenues up 2% to £42.2m, net debt reduced 27% to £9.7m ahead of expectations.	+10.7%
		ahead on net debt, in line on PBT, slightly ahead on operating profit expectations Revenue £42.2m (£41.4m)Operating profit £4.1m (£4.8m)Profit before tax £0.6m (£0.6m)Net debt £9.7m (£13.3m)NAL cash from settlements £6.0m (£3.5m)Bush & Co revenue £14.6m (£13.2m)

Company filings. Not investment advice.