Crash repairer has strong balance sheet and nil borrowings
Nationwide Crash Repairs has said ahead of its AGM today that it has spent an extra £1m on business development to expand its mobile repair capability.
It wants to expand in the fleet and retail marketplaces as well as to build Nationwide's insurance customer business. The formal launch of Nationwide's rebranded and expanded mobile repair services takes place in late summer.
Nationwide said it was confident about the future, had strong cash flow and a robust balance sheet with nil borrowings and substantial net cash position.
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