Investment in talent and new services drives profit to £18.8m on turnover of £68.7m.
Gerald Eve LLP reported its best-ever performance in the year to 5th April 2019, with both turnover and profits hitting record levels. Turnover for 2018/19 was £68.7 million, an increase of £4 million on the previous year, with profits rising to £18.8 million, reflecting a margin of 27%.
The strong performance highlights the continued success of Gerald Eve’s strategy of investing in talent, new service lines and a sector-focused approach. This diversification has produced new and more resilient revenues at a time of political uncertainty and leaves the firm well-positioned for future growth.
Simon Prichard, senior partner at Gerald Eve, said:
“This record performance, achieved in the face of external economic headwinds, has its foundations in the strategy we have been implementing over recent years. Indeed, it continues to pay dividends, with performance since April this year showing further improvement on the same period in 2018.
“It is increasingly apparent that the most successful firms need to operate across a wide range of services, invest in technology to support efficient working and value the importance of alignment with their clients’ business requirements. This has long been a hallmark of Gerald Eve’s approach.
“It is through this strategy – placing clients at the centre of the business, investing in talent, focusing on areas where we can add most value – that we have become a genuinely different voice in the marketplace, and the advisor of choice in many sectors. It is to the credit of our people that the changes have been implemented so successfully, something that augurs well for our ongoing expansion.
“Our clients place a premium on working with a firm that holds the highest ethical standards and provides advice that truly reflects their best interests. As trusted advisers we are far more interested in helping our valued clients meet their long-term business objectives than boosting our short-term profits.”