Gordon Dadds boosted by annual results

AIM-listed professional and legal advisory firm Gordon Dadds (LON:GOR) has seen its share price rise by 9.96% to 154.90p (as of 15:00 BST) after reporting a 69% improvement in revenues for the year ended 31st March. Adjusted pre-tax profits also climbed by 141%.

Group CEO Adrian Biles commented: “This is a great set of results and I’m really proud of the hard work of my colleagues around the world. A major highlight during the year was of course the acquisition of Ince in the UK and China.

“The integration phase of Ince is now complete and I think it’s noteworthy that we did not suffer any partner or client losses during and since the transaction. The opportunity to cross sell by practice area and by geography provided by Ince is huge and has allowed us to accelerate beyond this level.

“We’ve always been a high growth business – having delivered compound annual revenue growth of over 80% for the last five years. Looking forward, we are well-positioned for significant growth as we look to leverage our existing infrastructure through cross-selling, new client wins and further new hires, acquisitions and alliances“.