{"id":13603,"date":"2024-05-20T07:56:19","date_gmt":"2024-05-20T06:56:19","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/13603-knights-focuses-on-improvements-as-revenues-hit-150m"},"modified":"2024-05-20T08:03:25","modified_gmt":"2024-05-20T07:03:25","slug":"knights-focuses-on-improvements-as-revenues-hit-150m","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/13603-knights-focuses-on-improvements-as-revenues-hit-150m","title":{"rendered":"Knights focuses on improvements as revenues hit \u00a3150m"},"content":{"rendered":"

Professional services group Knights has grown annual revenues to \u00a3150m and believes it remains well-positioned “to deliver further growth”.<\/p>\n

The 6% increase in revenues is in line with expectations although much slower than previous years. Knights has doubled its revenues in four years, mostly through an aggressive acquisition strategy.<\/p>\n

It expects its underlying pre-tax profits to be “at least \u00a325.0m” in the year to April 30, which will be 16% higher than last year.<\/p>\n

David Beech, chief executive of Knights, said: “Our people have delivered a good performance during the year.<\/p>\n

“We continued to execute our growth strategy, recruiting high quality talent and driving operational improvements across the business, positioning us well to deliver further growth in FY25.”<\/p>\n

At the start of the last financial year Knights bought Newcastle-based St James\u2019 Square and Carlisle firm Baines Wilson.<\/p>\n

In April, Knights supported a management buyout at Manchester-based sell-side advisory firm Convex<\/a> through a joint venture deal.<\/p>\n

Knights said it “is positioned well to consider selective acquisitions from its healthy pipeline of opportunities”.<\/p>\n

Knights floated in 2018 at 145p-per-share, and more than trebled in value within two years. However its share price has been under significant pressure and reached a low of 61p last summer, before recovering. Last week it went above its IPO price for the first time in two years.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Underlying profits increased twice as fast as revenues in steadier year for group<\/p>\n","protected":false},"author":18,"featured_media":4197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120781,58124],"coauthors":[81],"class_list":["post-13603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-professionals","tag-featured-story"],"yoast_head":"\nKnights focuses on improvements as revenues hit \u00a3150m - South West<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/13603-knights-focuses-on-improvements-as-revenues-hit-150m\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Knights focuses on improvements as revenues hit \u00a3150m - 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