Strong Growth in Profitability
Profit before tax increased by 289% to GBP 1.9 million, with an 89% increase in operating profit for the Consumer Legal Services division.
Reduction in Net Debt
Net debt reduced to a 10-year low of GBP 5.6 million, down from GBP 7.1 million at the start of the year.
Cash Generation and Free Cash Flow
Free cash flow increased by 119% to GBP 1.5 million, with cash from settlements in NAL growing by 33%.
Improved Earnings Per Share
Basic earnings per share increased over 300% to 3p.
Consumer Legal Services Division Performance
Operating profit in Consumer Legal Services grew by 89% to GBP 1.6 million, driven by cost savings and improvements in the law firm.
Critical Care Division Growth
Revenue, operating profit, and cash from operations all increased, with a strong operating profit margin of 31.5%.
High Demand for Expert Witness Services
The number of expert witness reports increased by 13% to 719, with 98% customer satisfaction and 100% willingness to re-instruct.