Freeth Cartwright first to show off financials

Nottingham-based Freeth Cartwright has become the first firm to release financial figures this year, announcing a rise in turnover from £31.2m to £33.5m.

The firm saw its revenue figure grow by 7.4 per cent in the year ending March 2008, a rise that chief executive Peter Smith put down to strong performances by the real estate and corporate finance groups.

Smith said: "Our success is down to the work we do for our clients and the commercial approach we take to understanding what factors impact our business."

The rate of growth was down on the previous year's, which saw turnover rise by £3.5m, or 12.9 per cent.

The firm is still calculating its average profit per equity partner figure and, while the rise is anticipated to be roughly in line with the revenue rise, Smith said it is still too early to make a reliable estimate.