investors

Annual Report & Accounts 2026

At the forefront of change.

Knights is a leading UK regional provider of legal and professional services. In a year of solid progress, the Group has continued to deliver strong revenue growth, increased underlying profits and continued cash conversion.

‘Built on more than a decade of consistent investment and growth, Knights has become the largest regional-only legal services business in the UK and is recognised as the leading candidate in the sector.’

The Lawyer, April 2026

£208m Underlying revenue
£52m Underlying EBITDA
£33m Underlying profit before tax
£10m Reported profit before tax
£65m Net debt
28p Underlying basic earnings per share
5p Basic earnings per share
163% Cash conversion
6p Dividend per share

A mature platform enabling an efficient commercial model

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Professional advisors with a commercial mindset

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A scalable model

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Read our investment case

Our strategy

Underpinned by our vision of creating the leading regional legal and professional services business, our unique business model enables us to build value by executing our strategy across four pillars:

Grow Organically
We saw a return to organic growth of 2% overall during the year, despite continuing macroeconomic uncertainty which continued negatively to affect the housing market and M&A transactional work. This was achieved by maintaining our long-term strategy of focusing on premium service delivery, and taking strategic decisions to reduce or discontinue some service lines,.
Strategic Acquisitions
Our increased size and expanded footprint have delivered a step change in the Group’s reputation and visibility, expanding our client base and increasing our recruitment pool. The business has now achieved a level of maturity with an established platform and approach to delivering acquisitions. These acquisitions provide the platform for future organic growth.
Scale the Operation
To support our growth plans, we maintain a constant focus on; strengthening and developing our leadership within a one team culture, our team of experienced Client Services Directors working together and delivering against our growth strategy within their regions and nationally, as well as investing in the operational infrastructure to support growth.
Exploit Data and Technology
We have created a robust, scalable platform able to integrate acquisitions in a matter of weeks. We maintain a constant focus on enhancing client service delivery by creating an experience both for our clients and colleagues based on speed and quality of service which differentiates us from our competition. The use of technology across the business to support our services.