Ashfords in numbers
Ashfords is a national provider of legal, regulatory and professional services with 72 partners and over 450 staff across 6 offices.
In the financial period ending 30th April 2016, Ashfords reported an operating profit of £12.2m (an increase of 3% on prior year) on a turnover of £36.0m (an increase of 2% on prior year). Adjusted for other operating income, net interest receivable, and interest payable, the profit for the period before member's remuneration and profit share was £12.3m (an increase of 2% over prior year).
"Our year to April 2016 was another successful year for the firm as we reported turnover of £36 million and profit of £12.3 million. Using the year to April 2012 as a base year, the firm has grown revenues 50% over the subsequent four years to April 2016. In 2016 all the important metrics of the business such as profitability, cash flow, very low external debt, healthy cash balances and a resulting strong balance sheet have been maintained.
Our year to April 2017, whilst as yet unaudited, saw further investment in people, infrastructure and complementary professional services driving an excellent financial result with turnover growing 13% to £40.6m and operating income up 16% to £14.1m."
Phil Strange, Chief Financial Officer