COVID will boost acquisitions, says listed firm Knights

Listed firm Knights plc has celebrated a ‘robust full year performance’. Knights Plc believe that the effects of Covid-19 will ‘only accentuate the group’s acquisition opportunities’.

In their full year trading update, Knights plc have said that their revenue is likely to have a minimum increase of 36% compared to last year, in the some of £100.8m. In The Meantime, their underlying profit before tax is expected to be up by 32% year-on-year, ‘moderately in excess’ of £18m. The full results will be published, with a dividend update, on 14th July.

The firm said OTB Eveling LLP and Mundays LLP which were acquired by Knights Plc in November 2020 and March 2021 have been successfully integrated and are performing ‘in line with expectations’. The group also acquired Sheffield based Keebles LLP this month, its 13th purchase in less than three years.

David Beech, chief executive of Knights, said: ‘Our robust full year performance is testament to the well-balanced and highly diversified business we have built over a number of years. We are proud of the commitment our talented people across the business have shown, which has delivered this resilient performance during a difficult economic period. Having emerged in a stronger position from the initial stages of the pandemic, we saw good and growing momentum in the second half of the year.’

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