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February 14, 2016 5:36 AM ET

Diversified Consumer Services

Company Overview of Nationwide Accident Repair Services Limited

Company Overview

Nationwide Accident Repair Services Plc provides automotive accident repair management services to the automotive insurance industry, fleet operators, and retail customers in the United Kingdom. The company operates through three segments: Nationwide Crash Repair Centres (NCRC), Network Services, and Motorglass. The NCRC segment provides motor vehicle repair services. The Network Services segment offers accident administration and management services comprising call center, first notification of loss, deployment for repair, claims handling, organizing hire/courtesy vehicle, salvage disposal, and engineering services. The Motorglass segment operates vans for mobile glass repair and replacemen...

17A Thorney Leys Park

Witney,  OX28 4GE

United Kingdom

Founded in 1908

2,334 Employees

Phone:

44 19 9370 1720

Fax:

44 19 9370 1721

Key Executives for Nationwide Accident Repair Services Limited

Chief Executive Officer and Executive Director
Age: 55
Finance Director, Secretary and Director
Age: 54
Operations Director
Managing Director of PDS
Age: 69
Group Financial Controller
Age: 44
Compensation as of Fiscal Year 2015.

Nationwide Accident Repair Services Limited Key Developments

Nationwide Accident Repair Services plc Approves Amendments to the Articles of the Association

Nationwide Accident Repair Services plc approved the amendments to the articles of the association of the company at the general meeting.

Nationwide Accident Repair Services plc Announces Consolidated Earnings Results for the Year Ended December 31, 2014

Nationwide Accident Repair Services plc announced consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of £187,020,000 compared to £156,621,000 a year ago. Operating profit was £2,185,000 compared to £1,227,000 a year ago. Profit before tax was £1,303,000 compared to £148,000 a year ago. Profit for the year attributable to equity holders of the parent company was £670,000 or 1.6 pence per basic and diluted share compared to loss for the year attributable to equity holders of the parent company of £194,000 or 0.5 pence per basic and diluted share a year ago. Net cash flow from operating activities was £11,420,000 compared to £7,773,000 a year ago. Additions to property, plant and equipment were £1,996,000 compared to £2,056,000 a year ago. Underlying PBT was £5.3 million compared to £3.1 million a year ago. Underlying EPS was 9.4 pence compared to 5.1 pence a year ago. Underlying operating profit increased by 47.6% to £6.2 million compared to £4.2 million a year ago.

Nationwide Accident Repair Services plc Announces Not to Declare Final Dividend for the Year Ended December 31, 2014; Announces Board Changes

Nationwide Accident Repair Services plc announced that the Board will not declare or recommend a final dividend in respect of the financial year ending 31 December 2014 on the basis and assuming that the scheme becomes effective (or, if applicable, the offer becomes or is declared unconditional in all respects). The company announced that Lady Judge and Stephen Thompson stepped down from the Board on 25 March 2014 and 31 March 2015 respectively. Each having served for more than eight years.

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