NAHL to launch IPO on London’s AIM

NAHL, best known for its core brand National Accident Helpline, has announced its decision to float an initial public offering (IPO) on London's AIM market.

The company announced that it would float on London's junior market AIM in late May, and that it would be a dividend paying stock, which would reflect the company's high cash conversion ratio.

Announcing the company's IPO plans, CEO Russell Atkinson said, "We have a long track record of consistent and profitable growth with a highly cash generative business model which we expect will deliver an attractive yield for investors." Atkinson added that the IPO would provide an exceptional platform for the company to take advantage of the growth opportunities created by the legislative changes that were introduced in April last year.

In the twelve months ended December 31, 2013, NAHL pocketed underlying operating profit of £9.8 million on revenues of £39.7 million.

After the placing, NAHL, which describes itself as a leading British consumer marketing business focused on the British personal injury market, will have a free float of at least 50 per cent of the company.

With the floatation, NAHL will join the likes of AO World, Poundland, Pets at Home, Just Eat, and Boohoo. com, which floated their IPOs on the market in the recent past.