HML Holdings in line with expectations as growth strategy continues

Property management, insurance and ancillary services provider HML Holdings announced an update on trading for the 12 months to 31 March on Wednesday, ahead of the expected release of its full year results in late June.

The AIM-traded company said that, during the 12 month period, it continued to execute its acquisitive growth strategy completing six acquisitions.

In addition, the existing businesses continued to enjoy organic growth in units under management.

The company also undertook a £2m placing that was heavily oversubscribed to help fund its growth and widen the shareholder register.

HML’s board anticipated being able to announce earnings in line with market expectations.

“With the continued support of our investor base, we have substantially grown both our client base and our office network,” said CEO Robert Plumb.

“With the integrations of the acquisitions well underway we look forward to an exciting 2018.”