Knights Eyes Growth with Strategic Acquisitions Amid Rising Profits
Deal News | May 20, 2025 | B Daily
Knights, a national professional services firm, is poised for further acquisitions in light of its strong financial performance. The firm announced intentions to pursue selective takeovers from its robust acquisition pipeline. For the financial year ending April 30, Knights is expected to record an underlying annual pre-tax profit of £28 million, with revenues increasing by eight percent to £162 million. Highlighting its compelling business model, the company cited successful multi-million-pound deals for Thursfields and IBB Law, alongside a recent £16.6 million acquisition of Essex-based law firm Birkett Long, as key contributors to its growth. Knights’ CEO, David Beech, emphasized the firm's unique position as the UK’s only legal services firm with national scale, coupled with a strong regional presence. The firm boasts an expansive office network across various UK cities and has built a reputation for service quality and a distinct culture, attracting top-tier talent. With reduced employee turnover and ongoing momentum, Knights is optimistic about continued growth in the 2026 financial year.
Sectors
- Professional Services
- Legal
- Corporate Finance
Geography
- United Kingdom – Knights' operations and recent acquisitions are situated across various locations within the United Kingdom.
Industry
- Professional Services – The article pertains to Knights, a professional services firm offering legal services and highlighting its recent and upcoming acquisitions in the sector.
- Legal – Knights operates as a legal services firm and its acquisitions, like Birkett Long, are within the legal sector.
- Corporate Finance – The article discusses Knights' corporate strategy involving acquisitions and financial growth, pertaining to corporate finance activities.
Financials
- £28 million – Expected underlying annual pre-tax profit for Knights for the year ending April 30.
- £162 million – Expected revenue for Knights for the full year, indicating an eight percent increase.
- £16.6 million – The value of the acquisition agreement for Birkett Long, an Essex-based law firm.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Knights | Main Company | Company | A national professional services firm in the UK considering further acquisitions to expand its legal services offerings. |
| Birkett Long | Target Company | Company | Essex-based law firm recently acquired by Knights. |
| David Beech | CEO | People | Chief Executive Officer of Knights, commenting on the firm's strategic direction and financial performance. |
| Thursfields | Acquired Company | Company | A law firm that was previously acquired by Knights, contributing to its corporate growth. |
| IBB Law | Acquired Company | Company | A law firm that was part of Knights' acquisition strategy, enhancing its service offerings. |