A personal injury group is set for a £1.85m cash boost after settling a long-running contract dispute with a supplier. The NAHL Group announced to the London Stock Exchange today that pre-tax profits for the first six months of this calendar year increased by 31% to £2.3m.
Group revenue was £18.3m, a 5% increase on the previous year, while net debt was reduced to £1.1m – 66% lower than at December 2025 and the lowest level since the company went public in 2014.
The interim results represent continued gradual progress made by the marketing and legal services business. But there was also further good news with the announcement that NAHL will receive the £1.85m next month as a result of the settlement with the unnamed supplier. By the end of October, the group will be in a net cash position for the first time since the IPO, the announcement said.
James Saralis, chief executive, said: ‘The settlement of a long-running contract dispute in our consumer legal services division means the board now expects profit and cash generation to be materially higher than current market expectations.’
NAHL reported positive numbers both for its own law firm and the cases it generates for other firms.
Revenues in the consumer legal services business increased by 7% to £9.9m, including a 12% increase in revenues from processing claims in the group’s wholly-owned law firm, National Accident Law.
The business generated 7,256 new enquires in the six months, 11% more than the previous year. Whilst the average cost of an enquiry acquisition rose by 8%, the group said there had been an increase in the quality, and therefore value, of enquiries generated.
The firm settled 1,621 claims in the period, which was 2% lower than the same period last year, and 5% more than the second half of 2025.
The critical care division, through Bush & Co, generated £8.5m of revenues, 3% higher than the prior year and underlying operating profit was in line with last year at £2.6m.
Saralis added: ‘The board and I are pleased by the group’s solid H1 performance. We have delivered revenue growth, increased profit before tax and our cash generation has continued to be strong. Achieving the lowest level of net debt since our IPO in 2014 is also a significant milestone.’
Shares in NAHL Group plc rose by 7.7% to 38.8p on the announcement.
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