Michelmores records strong year end results
Michelmores has announced its unaudited financial results, posting a 15% increase in turnover to £26M for the financial year ending April 2014. Profits are also predicted to show growth in line with increased turnover.
Staff will immediately benefit with the award of a minimum 3% of salary bonus across the firm.
During the past financial year Michelmores has also added over 100 people to its headcount across its offices in Exeter, London and Bristol, bringing the firm to 400 people, including partner lateral hires in tax, private wealth, corporate, financial services, construction, insurance and education.
Michelmores' Managing Partner Malcolm Dickinson comments:
“This has been another strong year for the firm and demonstrates a strong growth trend, with both turnover and profit continuing to rise in line with our business strategy. Our continued success is the result of the hard work and professionalism of our employees and we are pleased to be able to recognise this with the payment of a bonus to all staff. It is our intention to continue our strategy of attracting and retaining the very best talent, who will help us to maintain our upward trajectory.
Today's news follows the recent appointment of Nigel Hall as Chairman of the Board, following a comprehensive management and strategy review. Nigel, who joined the firm as a Non-Executive Director 2 years ago, brings with him significant experience, having been Group FD to the Arcadia Group PLC, and is currently a Non-Executive Director of C&J Clark, and Chairman of the Board of Countrywide Farmers PLC.