Knights Group trading in line in new financial year

Legal and professional services company Knights Group said on Tuesday that the “strong momentum” it reported in the second half of the last financial year had continued into the new trading period.

The AIM-traded firm, which was holding its annual general meeting, said the 2021 fiscal year saw “strong” cash generation and profitable growth, demonstrating the “resilience” of its business model.

Chairman Bal Johal said following the initial impact of the pandemic in the first half of the year, the group returned to “strong” organic growth in the second half, which complemented the contributions from recent acquisitions.

“The board is pleased to report that the group's strong momentum from the second half of the 2021 financial year has continued into the new financial year, with a good start to trading in 2022 in line with the board’s expectations,” Johal said.

“The group confirms that it will provide an update on trading for the half year to 31 October in November, ahead of reporting its half-year results in January.”

At 0810 BST, shares in Knights Group were down 0.35% at 422p.