A corporate finance specialist in Bolton has seen his income skyrocket during a difficult time for trading.
Five acquisitions and a successful £ 30.5million fundraiser were among the highlights of Middlebrook-based K3 Capital Group Plc.
K3’s revenue grew 215% year-on-year, according to their latest trade figures, from £ 15million to £ 47.2million.
This saw pre-tax profits drop from £ 6.8million to £ 15.7million in the same period.
And the outlook for holding Summerfield Road in the first few months of this commercial year would also be positive and in line with market expectations.
Agreements to secure Knight Corporate Finance and Knight R&D were also concluded after the year-end report.
For the first time, the group has also secured a £ 15million credit facility, in order to continue its growth, although it remains unused at present.
Ian Mattioli, non-executive chairman of K3, paid tribute to the “utmost professionalism and dedication” shown by other board members and staff over the past year.
He added, “The company’s growth journey throughout (this year) is nothing short of remarkable and could not have been achieved without the aligned interests of all stakeholders to bring the company into its next. phase.
“We are delighted to have welcomed Knight Corporate Finance and Knight R&D to the Group after the end of the year, which the board expects the board to expect will improve. immediate profit and represents a complementary extension to the M&A and Taxation divisions of the group. ”
Competitors Randd and Quantuma were acquired in June and August 2020, respectively. Quantuma then took control of Aspect Plus and Alchemy (Cayman), strengthening the company’s restructuring division.
John Rigby, Group Managing Director, added: “(This year) has been nothing less than a year of transformation for K3 Capital Group plc, and I am delighted with the financial and operational performance of the company in the face of challenges. significant challenges and impact of the COVID-19 pandemic.
“We have created what is now a cyclically balanced group with an increasingly robust model, which we believe can generate growth and success throughout the business cycle and provides a greater degree of visibility and predictability of its income and profits. ”