Knights Group Holdings PLC Trading Update (8283H)

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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                                              [phone] 
                                              ----------------------- 
 MHP Communications (Media enquiries) 
 Andrew Jaques, Kelsey Traynor                       [phone] 
                                                     [e-mail] 
                                              ----------------------- 
 

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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November 20, 2018 02:00 ET (07:00 GMT)