Knights Group Holdings PLC Trading Update & Notice of Results (1233U)
21 November 2019 - 6:00PM
UK Regulatory
TIDMKGH
RNS Number : 1233U
Knights Group Holdings PLC
21 November 2019
Knights Group Holdings plc
("Knights", the "Company" or the "Group")
Trading Update & Notice of Results
Knights, one of the UK's fastest growing legal and professional
services businesses, today provides a trading update for the half
year ended 31 October 2019.
The Board is pleased to report that the Group has delivered
another strong performance in the first half year of the financial
year, in line with market expectations. This performance reflected
further growth from our prior year acquisitions combined with a
double digit increase in organic revenue, aided by strong
recruitment.
The first half of the year was characterised by a period of
investment to support ongoing growth for the Group. A net 43 new
fee earners were recruited in the first half, compared to 46 net
recruits for the whole of the last financial year, alongside the
recruitment of support staff. In addition, the Company has
relocated into larger offices in Manchester, positioning the Group
well to achieve further growth in line with its strategy to focus
on key markets outside London.
The Company will next provide an update on trading when it
announces its half year results on 15 January 2020.
David Beech, CEO, commented:
"We continue to make excellent progress toward the 2020 targets
we set out at IPO. The recent acquisition in Birmingham has
expanded our geographic base and provides an exciting platform for
growth, following on from the significant presence we are building
in Manchester.
"I am also encouraged by the Group's continued momentum in
successfully recruiting high calibre fee earners into our business,
which provides a strong foundation for further growth into the full
year and beyond."
Ends
Enquiries
Knights
David Beech, CEO via MHP Communications
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Numis (Nominated Adviser and Broker)
Stuart Skinner, Kevin Cruickshank,
Michael Burke +44 20 7260 1000
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MHP Communications (Media enquiries)
Andrew Jaques, Katie Hunt, Rachel Mann +44 20 3128 8794
knights@mhpc.com
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Notes to Editors
Knights is a fast-growing, legal and professional services
business, ranked within the UK top 100 largest law firms by
revenue. Knights was one of the first law firms in the UK to move
from the traditional partnership model to a corporate structure in
2012 and has since grown rapidly. Knights has specialists in all of
the key areas of corporate and commercial law so that it can offer
end-to-end support to businesses of all sizes and in all sectors.
It is focussed on key UK markets outside London and currently
operates from nine offices located in Birmingham, Cheltenham,
Chester, Derby, Leicester, Manchester, Oxford, Stoke and
Wilmslow.
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END
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