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.

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