Knights, one of the UK's fastest growing legal and professional services businesses, is pleased to announce that it has agreed a new extended revolving credit facility with HSBC UK, Allied Irish Bank (GB) (“AIB (GB)”) and Lloyds Bank.

The facility provides total committed funding of £60m until October 2024, split equally between HSBC UK, AIB (GB) and Lloyds Bank. It replaces the Group’s existing £40m facility with HSBC UK and AIB (GB) with the three bank club providing increased flexibility to the Group at effectively the same interest cost to the Company.”

David Beech, CEO of Knights, commented:

“We are delighted to have agreed this new £60m facility with AIB (GB), Lloyds Bank and HSBC UK. The facility will provide us with additional headroom to build upon the critical mass achieved this year, continue to scale our business across the UK organically and through selected acquisitions, and execute our strategy to become the leading legal and professional services business outside London.”