West End firm Gordon Dadds has its sights set on becoming a ‘nine-figure’ business after making its fourth acquisition since its public float in August last year .
Gordon Dadds announced yesterday (19 February) it had acquired Cardiff-based Thomas Simon for £1.875m, paying £187,500 up front with 20 quarterly instalments to come thereafter, plus a further amount related to net assets. The vendors of Thomas Simon, which had a fee income of just over £2m for the year to 31 July 2016, have warranted fee income will be not less than £12.5m over the next five years as part of the deal.
