PracticeAccounting FirmsVantis early figures show 7.5% jump in revenue

Vantis early figures show 7.5% jump in revenue

A mixture of acquisitions and internal growth have driven revenue up 7.5%, to £94.3 million for Vantis

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.

Further reading:

Budget blamed for Wenham Major’s demise

Related Articles

Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin
EY, Deloitte lead Big Four in gender pay gap reporting

Accounting Firms EY, Deloitte lead Big Four in gender pay gap reporting

2m Emma Smith, Managing Editor