© The Financial Times Ltd 2015 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
July 22, 2005 3:00 am
The current year had started well at Accident Exchange and trading was ahead of expectations, Lord Young, chairman, told the annual meeting.
The Aim-traded company provides car hire on credit to motorists of prestige cars involved in non-fault accidents.
It listed in April last year and increased its car rental fleet from 250 to 1,029 by the end of April 2005.
Lord Young said referral volumes were good, with hire starts in the first quarter to date almost quadrupled on the same period last year. In addition, first-quarter hire starts were projected to be some 25 per cent ahead of the previous three months.
The first quarter also benefited from an increase in direct referral business. The shares rose 12p to 300p yesterday. Gary Evans
Copyright The Financial Times Limited 2015. You may share using our article tools.
Please don't cut articles from FT.com and redistribute by email or post to the web.
Sign up for email briefings to stay up to date on topics you are interested in