Knights Group Holdings PLC Trading Update (8283H)
November 20 2018 - 2:00AM
UK Regulatory
TIDMKGH
RNS Number : 8283H
Knights Group Holdings PLC
20 November 2018
Tuesday 20(th) November
Knights Group Holdings plc
("Knights", the "Company" or the "Group")
Trading Update
Knights, one of the UK's fastest growing regional legal and
professional services businesses, is pleased to announce an update
on trading for the half year ended 31 October 2018.
Following a successful listing on AIM in June 2018, the Board is
pleased with the Group's continued performance and is confident
that the results for the half year will be in line with
expectations, with a double digit increase in organic revenue
compared to the same period last year alongside strong EBITDA
growth.
During the period, the Company acquired two businesses, Turner
Parkinson in Manchester and Spearing Waite in Leicester, and
integration of both businesses is proceeding to plan. Knights has
also invested further in Manchester and will be moving the Turner
Parkinson business into larger offices in Spring 2019 which will
enable further growth in accordance with the Group's strategy.
The Company will announce its half year results on 15 January
2019.
David Beech, CEO, commented: "The Group continues to make
excellent progress, and we remain confident in our growth plans
following June's successful listing on AIM. We continue to see
exciting opportunities in the regional legal sector and will look
to make further acquisitions of businesses which offer
complementary services in targeted geographies and sectors."
Ends
Enquiries
Knights
David Beech, CEO via MHP Communications
-----------------------
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, Kelsey Traynor +44 20 3128 8100
knights@mhpc.com
-----------------------
Notes to Editors
Knights is a fast-growing, regional 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. The Company's main focus is on the UK's
secondary regional markets, offering 'big city' quality expertise
from a regional cost base. Currently, Knights operates from eight
offices located in Cheltenham, Chester, Derby, Leicester,
Newcastle-Under-Lyme, Manchester, Oxford and Wilmslow.
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END
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