15th Dec 2020 14:41
K3 Capital Group PLC - Bolton-based professional advisory services firm - Expects to report a revenue of approximately GBP18 million for the six months ended November 30 due to a strong performance that puts it ahead of management's expectations.
The company says it saw a particularly strong performance across its business divisions KBS and rannd. London-based business advisory firm Quantuma LLP, which K3 Capital acquired back in August, has also been in line with management's expectations despite "the subdued insolvency market resulting from the UK government's Covid-19 financial support measures." It has also repaid all monies claimed under the UK government's Covid-19 Job Retention Scheme in the financial period.
K3 Capital says it has appointed Canaccord Genuity Ltd as its joint broker with immediate effect, to work alongside finnCap Ltd, its current nominated adviser and joint broker. It says it is entering its second half of the financial year with "significant momentum."
Current stock price: 220.18 pence
Year-to-date change: down 12%
By Zoe Wickens; [email protected]
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