Knights Group Holdings PLC
LSE:KGH
Knights Group Holdings PLC
Knights Group Holdings Plc provides legal and professional services in the United Kingdom. The company is headquartered in Newcastle Under Lyme, Staffordshire and currently employs 1,163 full-time employees. The company went IPO on 2018-06-29. The firm is primarily engaged in the provision of legal and professional services through its subsidiaries. The firm invests in various sectors, including agriculture and the food supply chain, aviation, consumer and retail, Energy, waste and natural resources, financial and professional services, gambling, healthcare, industrials, transport and support services, property management and development, technology, media and telecommunications. The Company’s service line includes real estate, dispute resolution, corporate, employment and private client services. The company delivers services to over 13,000 business clients from approximately 17 office locations across the United Kingdom.
Knights Group Holdings Plc provides legal and professional services in the United Kingdom. The company is headquartered in Newcastle Under Lyme, Staffordshire and currently employs 1,163 full-time employees. The company went IPO on 2018-06-29. The firm is primarily engaged in the provision of legal and professional services through its subsidiaries. The firm invests in various sectors, including agriculture and the food supply chain, aviation, consumer and retail, Energy, waste and natural resources, financial and professional services, gambling, healthcare, industrials, transport and support services, property management and development, technology, media and telecommunications. The Company’s service line includes real estate, dispute resolution, corporate, employment and private client services. The company delivers services to over 13,000 business clients from approximately 17 office locations across the United Kingdom.
Revenue Growth: Knights reported 30% revenue growth for the first half, driven largely by acquisitions and a return to positive organic growth.
Organic Growth Recovery: Organic revenue growth reached just under 3% in the half, with management guiding to 6% for the full year and high single-digits ongoing.
Profitability: Profit before tax increased by 12.5%, but margins dipped slightly to just under 16% due to higher costs and investments.
Cash Generation: Cash conversion was exceptionally strong at 122%, with free cash flow at GBP 14.7 million for the half.
Acquisition Strategy: Acquisition activity will pause until fiscal year-end to reduce net debt, but management expects to resume acquisitions leveraging strong cash flow and a prudent approach to leverage.
AI & Technology Investments: Significant investments have been made in IT and AI-readiness, with a focus on integrating best-in-class third-party solutions rather than developing tools in-house.
Cost & Margin Outlook: Margins are expected to improve in the second half as synergy savings from acquisitions and investments begin to flow through.
Dividend: Interim dividend increased by 10% over the prior year.
