Revenue doubles for Bolton’s corporate finance specialists

A corporate finance specialist in Bolton has seen his income soar during a tough time for trading.

Five takeovers and a successful £30.5m fundraise were among the highlights of Middlebrook-based K3 Capital Group Plc.

K3’s revenue rose 215% year-on-year, according to their latest trading figures, from £15m to £47.2m.

This saw pre-tax profits fall from £6.8m to £15.7m over the same period.

And the outlook for holding Summerfield Road in the early months of this business year would also be positive and in line with market expectations.

Agreements to secure Knight Corporate Finance and Knight R&D also came after the year-end report.

For the first time, the group also secured a £15m credit facility, to fuel its growth, although this remains unused at present.

Ian Mattioli, non-executive chairman of K3, paid tribute to the “most absolute professionalism and dedication” shown by other board members and staff over the past year.

He added, “The growth journey the company has traveled throughout (this year) is nothing short of remarkable and could not have been achieved without the aligned interests of all stakeholders to drive the company forward. in its next phase.

“We are delighted to have welcomed Knight Corporate Finance and Knight R&D to the Group after the end of the year, which the Board of Directors expects will immediately improve earnings and represent a further extension to the group’s M&A and Tax divisions.

Rivals Randd and Quantuma were acquired in June and August 2020 respectively. Then Quantuma took control of Aspect Plus and Alchemy (Cayman), bolstering the company’s restructuring division.

John Rigby, Group Chief Executive, added: “(This year) has been nothing short of a transformational year for K3 Capital Group plc, and I am delighted with the financial and operational performance of the business in the face of significant challenges and the impact of the COVID-19 pandemic.

“We have created what is now a cyclically balanced group with an increasingly robust model, which we believe can drive growth and success across the business cycle and provides a greater degree of visibility and predictability in its revenues and profits.”

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