CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Revenue turnaround for Knights Group

By Dan Moore

10:07, 14 July 2021

A gavel sits on its block in front of a set of scales

Knights Group, the UK legal and professional services company, has reported a 39% increase in revenue to £103.2m ($143.1m) for the year ending 30 April. The results reflect a significant strengthening of its position, most notably in the second half of the year.

Turnaround in H2

Knights realised a reversal in fortunes in the second half of the year, where it reported a 10% revenue growth. This represented a significant recovery from the 15% fall in the first half, which was put down to the COVID-19 pandemic.

The law firm reported gross margins rose to 49%, from 48% in the previous year, and while net debt rose to just over £21.1m from almost £15.9m in the previous year, this was lower than anticipated.

Acquisitions strengthen position

During the year, Knights completed four acquisitions, which dovetailed with “our strategy to become the leading legal and professional business outside of London”, said Knights.

Keebles and OTB Eveling enhanced the firm’s presence in Sheffield and the South West, while Mundays did the same for Knights in the South East. Housing Law Services bolstered Knights’ existing housing operations.


174.31 Price
+0.210% 1D Chg, %
Long position overnight fee 0.0085%
Short position overnight fee -0.0168%
Overnight fee time 21:00 (UTC)
Spread 0.090


0.66 Price
+0.480% 1D Chg, %
Long position overnight fee -0.0076%
Short position overnight fee -0.0006%
Overnight fee time 21:00 (UTC)
Spread 0.00050


139.99 Price
+0.820% 1D Chg, %
Long position overnight fee 0.0105%
Short position overnight fee -0.0188%
Overnight fee time 21:00 (UTC)
Spread 0.040


1.07 Price
-0.510% 1D Chg, %
Long position overnight fee -0.0096%
Short position overnight fee 0.0014%
Overnight fee time 21:00 (UTC)
Spread 0.00018

Robust performance

Commenting on the results, Knights’ CEO David Beech said: “We have delivered a robust performance during the year, with a rapid return to stronger levels of organic growth in the second half, complemented by high calibre acquisitions that further elevate our position as a market leader outside London.

“Having reached critical mass following recent acquisitions, the group is increasingly attracting high calibre talent with strong client followings, good quality clients who recognise the value of our premium service, and legal service firms that would like to be part of a larger, diversified, forward-thinking group.

“Looking forward, we expect that COVID-19 will only accentuate these opportunities for our resilient, well-invested, diversified and cash generative business in the highly fragmented and often under-invested market for legal services outside London.”

go to page
go to page
go to page
go to page
go to page
go to page
go to page
go to page
go to page
go to page

Related topics

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 535.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading