Australia-listed Slater & Gordon’s recent UK acquisitions will add over £70m to annual revenues, the firm has disclosed, and further takeovers are on its agenda.
Total UK revenue is expected to be A$230m (£125m) in 2014/15, comprising the expected full-year contribution of acquisitions completed in the 2013/14 financial year and 8% revenue growth from the underlying practices.
At group level Slater expects total revenue of A$500m (£271m) for 2014/2015.
Slater has made no secret of its ambitions to continue growing in the UK, after acquiring all or part of several firms, including Russell Jones & Walker, Pannone and Fentons, since 2012. The group now has 1,300 employees in the UK, up from 425 when it initially entered the UK market.
Addressing the annual meeting in Melbourne, group managing director Andrew Grech said: ‘In terms of future acquisitions, there is still a strong pipeline of opportunities available in the UK and we continue to assess opportunities that fill geographical or specialist area gaps.’
He added that the group expects the legislative environment in the UK to remain stable.