Bolton based disruptor has record sales pipeline

Bolton based K3 Capital Group has confirmed it is trading comfortably within expectations in a statement to the Stock Market.

The AIM listed firm describes itself as a disruptor and is a business and company sales specialist.

The firm expects to report trading comfortably in line with market expectations for the year for both revenue and profit.

The group achieved significant revenue and profit growth across all three of its operating divisions compared to the prior financial year.

The growth in revenue was underpinned by the successful scaling of the group’s delivery platform, resulting in an improvement in the overall profit margin.

K3 enters its new financial year with a record number of opportunities in its pipeline and expects to see continued growth against its core KPIs, driven by ongoing investment in high quality people.

The company added it is encouraged by the M&A activity in the private markets with the group experiencing an increased number of sellers combined with record numbers of buyers registered.

The wholly owned subsidiary KBS Capital Markets Limited has received regulatory approval from the Financial Conduct Authority.

This approval enables the group to broaden its services by providing deal execution for clients wishing to sell down minority stakes in addition to its current offering.

Chief executive John Rigby said: “I am delighted with the progress that has been made in what was another record year for K3, and our first full year as a public company.

“The group’s three brands continue to gain recognition and market share within their respective markets and we are pleased to top the Thomson Reuters Small Cap M&A League Table having completed some 35% more qualifying transactions than any other adviser in the UK.

“We continue to deliver our stated strategy of growing the average deal size across the company and are confident that we will continue to increase the average transaction fees in the year ahead across all three operating divisions.

“We believe the FCA authorisation of KBS Capital Markets is an exciting and innovative development for our business that enables the group to unlock an additional revenue stream within its core market.

“I am encouraged by the group’s record pipeline and new revenue opportunity and we remain optimistic that we will continue to deliver healthy growth against our core KPIs over the coming financial year and beyond.”