Legal Business

Case study: Ince

What a difference a year makes. After an initial public offering, a series of acquisitions – including City institution Ince & Co in October 2018 – and a share price drop earlier this year, Ince Group plc, which previously operated as Gordon Dadds, moves up 23 places in the Legal Business 100 2018/19 following a 69% boost in revenue from £31.2m to £52.6m.

The listed firm added £21.4m to its top line through five acquisitions in 2017 and 2018. The group reported a 73% profit increase from £8.8m to £15.2m, while earnings per share surged by 79% and dividend per share increased by 50%. However, the group reported a £14.3m non-recurring acquisition cost and a debt reduction of £5.5m, bringing the actual figure down to £2.9m.