Gordon Dadds Update - Acquisition of Ince UK & Placing
FY 2019 closed with the acquisition of Ince UK and FY 2020 opened with the consolidation of the international offices and the acquisition of Gibraltar-based Ramparts, both of which further validate the exciting potential of the Gordon Dadds business model.What these results clearly demonstrate is that Gordon Dadds has built itself a solid global footprint, and has the capability and desire to further strengthen their offering in each of their 8 jurisdictions, both through acquisitions and by hiring teams of solicitors in the more traditional manner. This strategy not only provides direct growth, but by ensuring the Group can offer any service required by its clients it offers material cross selling opportunities.
We have not reforecast our 2020/2021 numbers at this stage, but will do so over the coming weeks once we've fully digested the results. We can't accurately forecast for big acquisitions, but it's clear management has the appetite and experience to carry these out, as well as to continually add smaller bolt-on acquisitions.
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