Vantis turnover soars 83%

Vantis turnover soars 83%

AIM-listed firm reports remarkable double-digit growth in profit and revenues

Vantis, the AIM accounting firm, said today that it had enjoyed an excellent
year as it reported an 83% increase in revenues and a 13% increase in profit for
the year ended 30 April, 2006.

The group released its results this morning after a two-day delay, and said
that it had continued to grow through acquisition and careful integration of its
purchases.

Chairman Paul Gourmand said its main growth areas had been in tax and
business recovery.

‘From the sound foundation of our core practice we are well positioned for

further strong growth, particularly in business recovery and taxation where we

are gaining an excellent reputation for our market-leading expertise,’ said
Gourmand.

Over the financial year, turnover increased by 83% to £71.2m. Profit on
continuing activities before goodwill, exceptionals, interest and tax was 97%
higher at £12.8m. Profit on ordinary activities before taxation was up 13% to
£4.5m.

Vantis’ share price was down 2p to 250p following the news.

Track Vantis’ share price here

Related Articles

Finance director of CMS on mergers, technology and challenges ahead

Corporate Finance Finance director of CMS on mergers, technology and challenges ahead

3w Emma Smith, Managing Editor
SMEs at risk of getting burnt by interest rate rises – why accountants should take note

Corporate Finance SMEs at risk of getting burnt by interest rate rises – why accountants should take note

2m Marc Bajer, CEO, Hadrian's Wall Capital
Grant Thornton recruits new corporate finance partner

Accounting Firms Grant Thornton recruits new corporate finance partner

1y Emma Smith, Managing Editor
Total fraud value at £2bn five-year high, finds BDO

Accounting Firms Total fraud value at £2bn five-year high, finds BDO

1y Stephanie Wix, Writer
MHA MacIntyre Hudson appoints corporate finance director

Accounting Firms MHA MacIntyre Hudson appoints corporate finance director

2y Stephanie Wix, Writer
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

2y Stephanie Wix, Writer
KPMG announces senior partner promotion in Newcastle

Accounting Firms KPMG announces senior partner promotion in Newcastle

2y Stephanie Wix, Writer
Independent city firm reports 70% growth

Accounting Firms Independent city firm reports 70% growth

2y Stephanie Wix, Writer