Freeths’ revenue grew 14 per cent over 2015/16 to £63.8m, prompting a 6.65 per cent bonus for all staff.
In the 2015/16 financial year, Freeths’ turnover jumped from £55.8m to £63.8m, continuing the firm’s strong financial run of recent years.
As a result, Freeths staff will be given a bonus payment in May, which is slightly higher than the 5 per cent bonus received at the end of the 2014/15 financial year.
Freeths has seen double-digit growth for a number of years, reporting a turnover increase of 12 per cent in 2014/15 and 23 per cent during 2013/14. The results mean it is well on course to become a £100m business by 2020 – a goal set out by chief executive Peter Smith back in 2014.
At the start of this month, Oxford firm Henmans Freeth changed its named to Freeths, having been acquired by what was then Freeth Cartwright in 2012.
The Oxford office is the second largest of Freeths’ 11 bases, with Birmingham, Milton Keynes and Leeds staff all moving into new offices over 2015/16.