Listed firm ‘continuously’ talking about new acquisitions

first_imgAdrian BilesAdrian Biles, chief executive, said: ‘We expect to achieve significant further growth during the year from additional acquisitions, together with organic growth arising principally from the increasing cross-referral of clients between the group’s businesses and as the more specialised businesses take advantage of the group’s full service capabilities. We continuously examine expansion opportunities and are engaged in discussions with firms in a number of other international jurisdictions. In the UK, we have a good pipeline of potential acquisitions with which we are at various stages of discussion or negotiation.’Biles owns 26.7% of the company and received £245,000 through salary and profit shares in 2018 (up from £200,000 in 2017).The group was admitted to the AIM market of the London stock exchange last year. It committed £20m to acquisitions last year and has spent just over half that figure so far.Biles stressed that further acquisitions will not be dictated by the financial performance of the firm but by the quality of those working within it. ‘High quality businesses may well be struggling with issues of size, strategy and how to best finance themselves’, said Biles. ‘From our perspective it is about giving them access to capital and reserves.’Gordon Dadds receives more than two-thirds of its income through the practice areas of corporate and tax, dispute resolution and real estate work.The firm has increased its staff numbers from 177 to 229 and now has 107 fee earners. Staff costs rose from £7.7m in 2017 to £10.8m in 2017/18. A newly listed firm reporting healthy profit increases said today there will be no let-up in its acquisition spree. Gordon Dadds Group plc bought five professional services businesses in 2017/18 but said today that further opportunities for expansion are continuously under discussion, with targets are likely to be businesses in the UK and internationally with at least £10m annual income.In its maiden results, the firm posted pre-tax profits up 23.3% to £2.96m on revenue of £31.2m (up 25.3%) for the year ending 31 March. Its share price rose more than 6% on the announcement. Shareholders will receive a dividend of 4p per share. last_img read more

Egypt Giza Attack: Authorities investigating incident that left five police officers…

first_imgEgypt is still investigating Friday’s attack in Giza just south of Cairo. Gunmen targeted a police vehicle and killed five officers. While analysts say security forces are increasingly being targeted, they also say there’s been an improvement in security in the country.An ambush on a police car on a weekend Friday morning. No group has claimed responsibly yet, but the attack carries the hallmarks of “Hasm” a group affiliated to the outlawed Muslim Brotherhood. Hasm and other terrorist groups have been targeting security forces since the ouster of the Muslim Brotherhood from power in a 2013 uprising. .“Always the enemy of terrorism is the security man who aims to protect civilians. Therefore his direct enemy is the terrorist who targets police forces. If they succeed in weakening security forces in all their forms, naturally extremism would prevail and control the people,” said Mohamed Al Behery of Al Masry Al Youm News.The timing is also a factor. This is the third attack on security forces in the last 10 days.“When the pressure has been mounting on terrorist groups such as ISIL and it’s affiliates in Syria and Iraq, the number of attacks increases in Sinai,” added Al Behery.“When we put pressure on them in Sinai, they had to increase operations to raise their moral and prove the group is not dead… this is only proof that the security crackdown in Sinai has been effective.”In spite of the latest surge, statistics show there has been a major improvement in the security situation in Egypt.The war on terrorism continues in Egypt. There might be losses along the way but the government says it is adamant on eradicating the terrorist groups from the country.last_img read more

Argos Close Perfect GSC Regular Season With Sweep vs. Shorter

first_img Shorter 11/18/2017 – 2:00 PM Full Schedule Roster Preview Live Stats Watch Livecenter_img Next Game: PENSACOLA, Fla. – UWF volleyball (26-6, 16-0 GSC) capped its regular season with a resounding 3-0 victory over Shorter (18-10, 11-5 GSC) in the UWF Field House Saturday afternoon, sweeping the Lady Hawks behind a career-best performance from Katy Kuhlmeier. The senior led the way with a career-high 17 kills and a .593 attack percentage.The win concluded a perfect GSC regular season for the Argos. The 16-0 mark stands as the best conference record in school history. It is the fourth time in head coach Melissa Wolter’s tenure that the team has gone through the conference regular season undefeated. UWF will host the GSC Tournament November 17-19.”I think our team is excited about going into the postseason and excited to be the No. 1 seed. But at the end of the day, now it’s 0-0,” head coach Melissa Wolter said of wrapping the regular season and entering postseason play. “That’s the point we’re going to drive home all week long is that the regular season title is done. Now we’re into postseason. It’s one and done, and we need to make sure we’re taking care of every single opponent and not looking ahead.”The Argos took the first set by a final of 25-22. UWF reeled off a 9-3 run with the score tied at 4-4 to take a 13-7 advantage. Shorter would rally though, reeling off a 10-5 run to cut the lead to 18-17. A key kill by Neblett ended a long rally to give UWF breathing room at 21-19 before Shorter again rallied to force a tie at 22-22. But it was an Argos run that would end the set. UWF slammed the door on the first with a 3-0 rally punctuated by a set-ending block from Neblett and Jordyn Poppen for the win.Kuhlmeier finished with four kills in the set, as did Neblett, who also registered three blocks. Monique StCyr paced the team with 12 assists. Logan Kael posted 11 digs. Each team committed eight errors in the set.UWF opened the second set with a strong performance, racing out to an 8-1 lead to force a Shorter timeout. Nothing could stanch the momentum though, as the Argos ran the lead all the way to 13-1. The Argos would ride the early wave to a convincing 25-9 victory.UWF clinched the match by taking the third set 25-20. Kuhlmeier and Poppen closed the finale with back-to-back kills. The Argos outhit Shorter .314 to .087 for the match. Neblett finished the day with nine kills, four kills and a .375 hitting percentage. Caleigh Morrison notched eight kills and two blocks. Poppen posted eight kills. Kael led the team with 30 digs, and StCyr led the team with 37 assists. The win was the team’s ninth straight, the last six of which have been sweeps.The No. 20 Argos will host the GSC Tournament  in the UWF Field House beginning November 17. UWF will be the top overall seed in the tournament. The draw for the tournament’s opening round is to be determined.#ARGOS# Print Friendly Versionlast_img read more