A mixture of acquisitions and internal growth have driven revenue up 7.5%, to £94.3 million for Vantis
Accountancy Age, 24 Jul 2008
Vantis’ unaudited preliminary results for the financial year ended 30 April, show the group has recorded a 7.5% jump in revenue, to £94.3m.
Profit from continuing operations before amortisation and exceptional costs, interest and tax, were up 8%, to £14.9m, while profit after tax on continuing operations were down 7.8%, to 7.1m.
The firm attributed the group’s growth to a mix of acquisitions and the recruitment of additional high calibre staff and strong staff retention in all areas of the business as well as its continued strategy for profitable growth.
Paul Gourmand, Chairman said the firm’s market profile continued to provide acquisition opportunities. ‘We are well positioned for the future as our business advisory, tax and business recovery divisions provide a mix of higher margin activities with defensive qualities in these more challenging market conditions,' he said.
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