Professional services group MHA is targeting annual revenues of more than \u00a3500m after reporting double-digit growth in the first half of its financial year.<\/p>\n
The AIM-listed firm expects revenues of around \u00a3134.6m for the six months to September 30, up 11% from \u00a3121.3m in the same period last year.<\/p>\n
Organic growth accounted for 4%, with the remaining 7% coming from acquisitions completed since MHA’s IPO.<\/p>\n
The group acquired Baker Tilly South-East Europe in August 2025 and Moore Stephens UAE in April this year, with MHA saying both businesses are performing in line with expectations.<\/p>\n
Its acquisition pipeline remains active in the UK and overseas as the firm pursues further growth.<\/p>\n
MHA said operating margins and cash conversion during the first half were in line with board expectations, while recurring revenues remained at around 87% of the total.<\/p>\n
Demand for audit and assurance services remained resilient, driven partly by increasing regulatory complexity, while the firm also reported continued demand for advisory work.<\/p>\n
Financial services, professional services, real estate and construction, and automotive and transport each delivered double-digit revenue growth compared with the first half of the previous year.<\/p>\n
Rakesh Shaunak, CEO of MHA, said: \u201cOur strong first-half performance reflects continued demand for our specialist services, with healthy revenue, margins and cash conversion.<\/p>\n
\u201cBTSEE and MS UAE have extended our expertise and international reach, adding to our longstanding record of successful acquisitions, and our pipeline remains active, both in the UK and overseas.\u201d<\/p>\n
MHA is also investing in artificial intelligence and other technology as it looks to improve productivity and margins.<\/p>\n
Shaunak added: \u201cCloser collaboration across our service lines is creating opportunities to provide more services to existing clients.<\/p>\n
\u201cOur investment in technology, including the AI tools increasingly used across the firm, is improving productivity, and we expect it to support margin progression over time.<\/p>\n
\u201cWe remain confident of delivering a full-year performance in line with market expectations, and in our medium-term ambition of annual revenues in excess of \u00a3500 million.\u201d<\/p>\n
MHA said it remains on track to meet full-year market expectations, which it puts at revenues of \u00a3275.9m and underlying adjusted EBITDA of \u00a350.8m for FY27.<\/p>\n
The group will publish its interim results on November 19.<\/p>\n","protected":false},"excerpt":{"rendered":"
Professional services group expects first-half revenues to rise 11% after overseas acquisitions<\/p>\n","protected":false},"author":25,"featured_media":2157223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127685],"coauthors":[95],"class_list":["post-2181841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-services","tag-featured-story","tag-leicestershire"],"yoast_head":"\n