Listed law firm Ince Group, which previously operated as Gordon Dadds, has produced impressive double-digit revenue growth in its first full financial year since the acquisition of shipping specialist Ince & Co.
Revenues soared an impressive 87% to £98.5m, narrowly missing the £100m target set by Ince Group CEO Adrian Biles last November, while operating profit rose a hefty 72% to £26.2m from £15.2m last year. However, Ince’s organic growth produced a more muted 5% growth, according to the firm’s announcement on the London Stock Exchange. Moreover, in the first quarter of the current financial year, the firm confirmed revenues were down 10% due to the economic impact of Covid-19. Geographically, the UK remained the primary source of the firm’s revenues, producing £63.9m, while China produced £19.6m and Dubai’s output stood at £4.9m.
