Knights of Old keen to snap up more firms


Knights of Old remains on the hunt for more acquisitions after turnover jumped during the first full year of trading following its integration of the Mainland Group. In its financial statement for the year ending 31 May 2013, Knights revealed a 38% increase in turnover to £44.3m (2012: £32.1m), which the directors said mainly reflected its merger with Northampton-based operator in December 2011. Pre-tax profit, however, fell by 37% to £1.6m, down from £2.7m in the previous year. The directors […]