The AIM quoted vehicle crash repairers Nationwide Accident and Just Car Clinics should do well out out of the current snow across the UK.

Commentary out on Investors Champion www.investorschampion.com.

Trading update
RNS
RNS Number : 8402B
Nationwide Accident Repair Srvs PLC
12 January 2015



NARS



NATIONWIDE ACCIDENT REPAIR SERVICES PLC

("Nationwide" or "the Group")



Trading Update



Nationwide, the largest dedicated provider of automotive crash repair services in the UK, is providing the following update on trading for the financial year ended 31 December 2014 ahead of full year results which are expected to be announced in mid-April.



The Board is pleased to report a good finish to the year. Underlying profit before tax for the year to 31 December 2014 is expected to be ahead of management expectations, with Nationwide's net cash position significantly ahead of forecasts. Unaudited Group revenue for the year is anticipated to be approximately £184.0m (2013: £156.6m) and unaudited net cash at 31 December 2014 was approximately £1.5m (31 December 2013: £6.3m). This is after net outflows of more than £13.0m relating to the acquisitions of Howard Basford and Gladwins in the year.



These encouraging results reflect the combined benefits of increased volumes, improved operational efficiencies and economies of scale. Recent acquisitions have all performed in line with management expectations and the major contracts signed in 2014 contributed to the Group's performance in the second half of the year.

Simon T of IC - offering a 33% upside to my target price of 105p

StockMarketWire.com
Nationwide reports a good finish to the year. Underlying profit before tax for the year to 31 December 2014 is expected to be ahead of management expectations, with Nationwide's net cash position significantly ahead of forecasts.

Unaudited Group revenue for the year is anticipated to be approximately £184.0m (2013: £156.6m) and unaudited net cash at 31 December 2014 was approximately £1.5m (31 December 2013: £6.3m). This is after net outflows of more than £13.0m relating to the acquisitions of Howard Basford and Gladwins in the year.

These encouraging results reflect the combined benefits of increased volumes, improved operational efficiencies and economies of scale. Recent acquisitions have all performed in line with management expectations and the major contracts signed in 2014 contributed to the Group's performance in the second half of the year.

A very good tip from ST of IC. Well worth following his tips.

Holding company >11%

StockMarketWire.com
Nationwide Accident Repair Services said the offer by Canaveral Bidco Ltd has been recommended. NARS shareholders would receive 100p cash for each share. The offer values the entire issued ordinary share capital of NARS at about £43.2m.

This represented a premium of about 13% to the closing price per NARS Share of 88.5 pence on 31 March 2015 (being the latest practicable date prior to the publication of this announcement).

CSP Bidco is an indirect wholly owned subsidiary of CSP III AIV (Cayman), L.P., a limited partnership fund affiliated with Carlyle Strategic Partners III, L.P., managed by its investment adviser Carlyle Investment Management L.L.C. which together with affiliates do business as 'The Carlyle Group' ("Carlyle").

Separately, NARS said it has completed its acquisition of Seward Accident Repair Centres Ltd. Total net cash consideration was £3.8m.

Quindell loses out on Nationwide Accident deal

By Jonathan Jones

April 01 2015, 2:30pm
The deal, worth 100p per share, is 13% higher than yesterday’s closing price and will net boss Michael Wilmshurst £1.3mln for his 3% stake.


Troubled outsourcer Quindell (LON:QPP) will be rueing its bad luck today after Nationwide Accident Repair Service (LON:NARS) was sold for £43.2mln to US buyout firm Carlyle.

In a buyout chain, NARS itself bought the tenth largest body shop chain in the UK today, Seward Accident Repair Centres, for a total net cash consideration of £3.8mln.

The Carlyle deal, worth 100p per share, is 13% higher than yesterday’s closing price and will net boss Michael Wilmshurst £1.3mln for his 3% stake.

Chairman of NARS Michael Max said: “This Offer enables Nationwide shareholders to realise value today in cash for their shares at a significant premium to the recent historical share price.”

Earlier this month, Quindell sold its 10.9 million shares in the company for just 65p a share, netting just over £7mln.

The news comes after shares in Quindell had to be suspended earlier today “pending the release of a document”.

No further details were provided, although reports have emerged the suspension relates to a mistake discovered in a recent RNS.

Final Results
RNS
RNS Number : 9249K
Nationwide Accident Repair Srvs PLC
22 April 2015





AIM: NARS

22 April 2015

NATIONWIDE ACCIDENT REPAIR SERVICES PLC

("Nationwide", "the Company" or "the Group")



Preliminary Results

For the 12 months to 31 December 2014



Nationwide provides integrated automotive accident repair management services to the UK insurance industry, fleet and retail customers. It is the largest dedicated provider of accident repair services in the UK.



Key Points



· Agreement reached on terms of a recommended cash acquisition for the Group by Canaveral Bidco Limited (The Carlyle Group), announced on 1 April 2015



· Results in line with management expectations - improved performance reflects benefits of organic growth,operational efficiency improvements and acquisitions



· Revenue of £187.0m (2013: £156.6m) - acquisitions contributed £21.9m

- insurance revenues up 24.7% to £139.1m - market share up

- fleet market revenues up 8.2% to £43.7m

- retail sales at £4.2m (2013: £4.7m)



· Underlying (1) PBT of £5.3m (2013: £3.1m) / Statutory PBT of £1.3m (2013: £0.1m)

- separately identified items and amortisation of intangibles of £4.0m (2013: £3.0m)



· Gross margin of 36.7% (2013: 35.8%)



· Underlying (1) EPS of 9.4p (2013: 5.1p) / Statutory EPS of 1.6p (2013: 0.5p loss)



· Strong underlying (1) cash flow and working capital management contributing to a net cash balance at 31 December 2014 of £1.5m (31 December 2013: £6.3m)



· Two acquisitions completed, Howard Basford (in February) and Gladwins (in September)

- enhance operational efficiencies in North West and East of England

- represent templates for further regional acquisitions



· Two major contract agreements signed - with AXA UK and Allianz Insurance plc



· Post period end acquisition of Seward Accident Repair Centres Limited in the South of England



Notes:

1. 'Underlying' is calculated before separately identified items and amortisation of intangibles.



Michael Marx, Chairman, commented,

"These improved results are in line with management expectations and reflect the benefits of the three acquisitions we have made, organic growth and the measures put in place to improve operational efficiencies from the second half of 2013.



On 1 April, we announced that agreement had been reached with Carlyle on the terms of a recommended cash offer for Nationwide. This recommended offer is subject to further approvals, including by Nationwide shareholders and a copy of the announcement published on 1 April can be found at www.narsplc.com. Further information will be posted to shareholders in due course."

Suspension - Nationwide Accident Repair Services
RNS
RNS Number : 9700O
AIM
03 June 2015







NOTICE



03/06/2015 7:30am



TEMPORARY SUSPENSION OF TRADING ON AIM



NATIONWIDE ACCIDENT REPAIR SERVICES PLC



At the request of the Company trading on AIM for the under-mentioned securities has been temporarily suspended from 03/06/2015 7:30am, pending an announcement.

3 June 2015



FOR IMMEDIATE RELEASE



RECOMMENDED ACQUISITION OF



NATIONWIDE ACCIDENT REPAIR SERVICES PLC ("NARS" or the "Company")



by



CANAVERAL BIDCO LIMITED ("CSP Bidco")

an indirect wholly owned subsidiary of

CSP III AIV (Cayman), L.P.



to be effected by means of a Scheme of Arrangement
under Part 26 of the Companies Act 2006



Scheme of Arrangement sanctioned by court and becomes effective





The NARS Board is pleased to announce that, at a hearing held earlier today, the High Court of Justice in England and Wales (the "Court") sanctioned the scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme") in connection with the recommended acquisition by CSP Bidco of the entire issued and to be issued ordinary share capital of NARS.



An office copy of the Court Order sanctioning the Scheme was today delivered to the Registrar of Companies, and, accordingly, the Scheme has now become effective in accordance with its terms.



Following an application by NARS to the London Stock Exchange, as was previously announced on 28 April 2015, trading in NARS Shares was suspended with effect from 7:30 a.m. (London time) this morning.



NARS has made an application to the London Stock Exchange for the cancellation of the admission to trading on AIM of, and cessation of dealings in, NARS Shares, in each case to be effective from 7:00 a.m. (London time) on 4 June 2015.



The consideration of 100p per NARS Share due to Scheme Shareholders will be settled (in the case of Scheme Shares held in uncertificated form, by CREST accounts being credited) or despatched (in the case of Scheme Shares held in certificated form by cheques being despatched) within the next 14 days, and therefore by no later than 17 June 2015.



Unless otherwise defined herein, capitalised terms and expressions used in this announcement shall have the meanings given to them in the Scheme Document relating to the Scheme.



Subject to certain restrictions, a copy of this announcement and the amended articles of association of the Company will also be available on NARS's website at http//corporate.nationwiderepairs.co.uk/investor-relations/information-takeover.

Cancellation - Nationwide Accident Repair Services
RNS
RNS Number : 1566P
AIM
04 June 2015

NOTICE



04/06/2015 7:00am



NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM



NATIONWIDE ACCIDENT REPAIR SERVICES PLC






At the request of the company trading on AIM for the under-mentioned securities has been cancelled from 04/06/2015 7:00am.