Listed firm Knights has indicated that the business is growing rapidly across all key measures as acquisitions continue to bed in.
In a trading update provided to the London Stock Exchange today, the company said it expects revenue to grow by 28% to £207m in 2025/26, and underlying pre-tax profit to rise by 18% to £33m.
The company did not reveal profit figures taking into account acquisition payments or the costs of streamlining support functions. Full results for the year to 30 April 2026 will be announced on 6 July.
The Knights group said it had maintained a ‘robust’ balance sheet with net debt expected to have risen marginally to £65.4m, following payments of £17m in relation to acquisitions. Debtor days have remained stable at around 30 days.
Knights said it is actively assessing acquisition opportunities, with a ‘healthy pipeline’ of potential deals. Discussions are continuing with the south east firm Moore Barlow about a tie-up.
The firm completed the acquisitions of Birkett Long LLP and Birkett Long IFA LLP, Rix & Kay LLP and Le Gros Solicitors Limited in 2025. Knights said these and prior year acquisitions have all performed well.
David Beech, chief executive, said: ‘Knights has delivered a strong financial performance in FY26, driven by organic growth, our successful acquisition strategy, and the sustained benefits of our differentiated business model, all underpinned by disciplined execution led by our expanded management team.’
Shares in Knights Group Holdings experienced a bounce following the trading update, rising by 10.7% to 191.5p. That is approaching the peak price recorded this calendar year and is a significant improvement on March when shares dipped to 148.5p.
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