Penningtons results show slow growth

South East firm Penningtons has announced its year-end financial results, revealing increases in turnover and profit per equity partner (PEP).

PEP crept up just 4 per cent from 2004-05’s £125,000 to £130,000 and turnover grew 10 per cent from £25.9m to £28.5m. Managing partner Lesley Lintott was unavailable for comment.

The firm also promoted six associates to the partnership during the past three months: Laura Dadswell, Ellis Ezekiel, Philippa Luscombe, Lawrence Milner, Garrath Reayer and Shashi Sachdeva.

Dadswell has been a member of the private client team in the firm’s Godalming office since 2002. Ezekiel joined Penningtons’ City office in 2004. Luscombe joined as a trainee in 1996. Milner has been with Penningtons since 2004. Reayer joined Penningtons in 2004. Sachdeva joined the firm in 2000.