Geldards had a tremendous year, with turnover hitting £25.9m (up by around 16 per cent) and its average profit up to £240,000. “Who?” you say.
Geldards, based out of Wales and the East Midlands, is perhaps not the most glamorous firm, and is certainly not the most high profile, but lights can be hidden. You just need to know which bushel to look under.
In this case the bushel’s in Nottingham, home of Geldards’ previously unknown German and US desks. The firm’s merger four years ago with Notts practice Eking Manning brought with it two partners – David Griffiths and Ian Williams – with significant international insolvency practices in those respective jurisdictions.
But there’s more to the firm than this – its bulk debt collection and IT network contracts business are also good earners. But as the firm’s managing partner David Williams told The Lawyer: “We’ve never really shouted about it before.”