Top-100 firm Bevan Brittan today announced a 7% increase in revenue and profit before tax and said it will look to ‘options beyond organic growth, including acquisitions’ to grow its business.
Revenue was up by 7.2% to a record £60m in the year to the end of April, which the firm said was a ninth straight year of growth during which its income has gone up by 83%. Bevan Brittan’s profit before tax – which has risen by 158% over the last nine years – was also up by 6.6% to £15.7m.
Its managing partner Duncan Weir said: ‘This is another strong outcome, which demonstrates the benefit of diversifying our markets, the strength and depth of our business and the excellent teams we have across the country.
‘Exceeding £60m is a significant milestone for us but there is more to come. This has been a team effort and our ability to attract more high-quality, high-profile clients and recruits to Bevan Brittan shows that we are in a strong position to deliver further growth in the current financial year and beyond.
‘It also puts us in a strong position to consider options beyond organic growth, including acquisitions. We see a number of potential opportunities to develop our business further and have already had some interest but we will only pursue an acquisition if it was the right move for us.’
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