Weightmans hits turnover high with 6 per cent rise to £87m

Weightmans has continued its growth trajectory with a 6 per cent increase in turnover, from £82m to £87m for the 2013/14 financial year.

The increase follows a similar 6 per cent rise between 2011/12 and 2012/13 (15 May 2013).

The firm said net profit had risen by 2 per cent, to £24.1m, with net debt reducing by 64 per cent from £9.6m to £3.5m.

The full-year result follows a 7 per cent increase in revenue for the first six months of the last financial year (8 November 2013).

Weightmans elected commercial partner John Schorah as its new managing partner at the start of the year (29 April 2013), replacing longstanding chief Patrick Gaul, with Dan Cutts taking over from Ian Evans as senior partner.

The past year has seen the firm concentrate mainly on organic growth, although it was one of the firms to benefit from the collapse of Midlands firm Challinors in the summer by launching a family law team in Birmingham (27 August 2013).

A search for a non-executive director saw Weightmans appoint the former chief executive of public sector procurement agency Buying Solutions, Alison Littley (13 March 2014). In December, Weightmans became one of only a handful of top-50 firms to gain an ABS licence (23 December 2013).

Schorah said the firm had focused on improving its technology and working practices in line with client demand over the last 12 months and would continue this emphasis in the coming year.