National legal and professional services business, Knights, has published results for the 2025 financial year - showing a strong increase in revenue, profit and the number of senior professionals joining the business.
The results show that revenue for the year to 30 April 2025 increased by 8% to £162m, while underlying profit before tax rose 11% to £28m, reflecting an improved margin.
The increase in revenue and profit coincides with a significant increase in the number of senior professionals that joined the business. In total, 51 senior fee-earners joined nationwide – up from 40 in the previous year – proving the appeal of Knights' national scale, strong reputation and uniquely collaborative culture to high-calibre professionals across the UK regions.
During the year, Knights continued to execute its acquisition strategy. The acquisition of Thursfields, which completed in September 2024, bolstered the Group’s position as a leading legal and professional services business in the Midlands. The completion of its largest acquisition to date in April 2025, IBB Law, saw Knights significantly strengthening its presence in the South East of England.
This is set to continue in the coming year, building on the acquisitions of Birkett Long and Rix & Kay, which gave Knights a presence in Basildon, Chelmsford and Colchester, bolstered its team in Brighton and Kings Hill and brought both legal and wealth advisory services under one roof as Birkett Long IFA LLP will also join Knights.
In recent months Knights has also opened an office and assembled a talented team in Cardiff.
David Beech, CEO of Knights, said:
“Our proven strategy continues to deliver, as shown by our double-digit profit growth and enhanced margins during the year, despite ongoing macroeconomic challenges.
“This has been a year of step changes for the business, with strategic progress and a strengthened leadership team embedding enhanced operational discipline – all underpinning the Group’s platform for future growth. We have built strong recruitment momentum and reduced churn, while advancing our value-accretive acquisition strategy - including our largest acquisition to date in the second half – and continuing to win new clients.
“We have started the current financial year in line with our expectations and are well positioned to seize the opportunities presented by the structural trends in our industry. We are now benefitting from increased recognition of our differentiated proposition as a leading brand, which combines national scale and premium services with local presence and relationships.
“We expect growth in FY26 to be supported by the momentum we have seen building through attracting and retaining high calibre professionals and clients, complemented by building on our strong acquisition track record, with an encouraging current pipeline of opportunities under consideration. We, therefore, continue our focus on delivering profitable growth through the year and in the medium-term, as we build and extend our services across the UK.”
Alongside the increase in revenue and profit, Knights continues to show excellent working capital discipline, with debtor days as at 30 April 2025 of 31 (FY24: 28 days) supporting the Group’s strong balance sheet position at the year end.