º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Professional Services

Revenue more than triples at K3 Capital as profits jump by almost a fifth in 'remarkable' year

During the year K3 Capital completed five acquisitions as well as an equity fundraise of £30.5m

K3 Capital's Bolton headquarters(Image: K3 Capital)

Revenue more than tripled at professional services group K3 Capital during its latest financial year while its pre-tax profits also jumped by almost a fifth.

The Bolton-headquartered firm has reported a group revenue of £47.2m for the 12 months to the end of May 2021, up from the £15m it posted for the prior year.

The listed company's pre-tax profits also increased from £6.4m to £7.6m while its adjusted EBITDA went from £6.8m to £15.7m.

READ MORE: Social Chain boss talks overcoming stereotypes, influence of its founders and mental health battles

During the year K3 Capital completed five acquisitions as well as an equity fundraise of £30.5m.

Two new service lines were also launched as well as a joint venture.

Non-executive chairman Ian Mattioli said: "I would firstly like to put on record my sincerest gratitude to my fellow board members and all employees at K3 Capital Group for the utmost professionalism and dedication shown to the company over the past 12 months.

"The growth journey that the company has been on throughout FY21 is nothing short of remarkable and could not have been achieved without the aligned interests of all stakeholders in taking the company into its next phase.