Irwin Mitchell posts revenue growth as it opens new offices in Cardiff and Liverpool

Irwin Mitchell Group has revealed that it achieved revenue growth over the last financial year as it expanded by acquisition and opened new offices.
By Greg Wright
Published 15th Aug 2023, 11:35 BST

The group said its financial performance was boosted by its strategic decision to focus on complex personal injury cases, as well as growing its legal and financial teams who advise corporate and affluent clients.

Irwin Mitchell delivered core group revenue growth of 1.8 per cent to £271.0m in the full year ended April 30 2023.

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Irwin Mitchell Asset Management was also active in the merger and acquisitions market, completing a deal to acquire Cheshire-based financial planners TWP Wealth Limited, as well as exchanging contracts to acquire the trade and assets in Leeds-based investment manager Andrews Gwynne LLP, in a deal which is expected to complete in the 2024 financial year.

Glyn Barker, Chair, commented: “Our full-year results for FY23 demonstrate another year of positive progress against our strategic objectives with new acquisitions announced and multiple lateral hires recruited, we’ve invested in new technology, achieved excellent client and colleague satisfaction scores, and robust underlying financial results." (Photo supplied by Irwin Mitchell)Glyn Barker, Chair, commented: “Our full-year results for FY23 demonstrate another year of positive progress against our strategic objectives with new acquisitions announced and multiple lateral hires recruited, we’ve invested in new technology, achieved excellent client and colleague satisfaction scores, and robust underlying financial results." (Photo supplied by Irwin Mitchell)
Glyn Barker, Chair, commented: “Our full-year results for FY23 demonstrate another year of positive progress against our strategic objectives with new acquisitions announced and multiple lateral hires recruited, we’ve invested in new technology, achieved excellent client and colleague satisfaction scores, and robust underlying financial results." (Photo supplied by Irwin Mitchell)

Over the next year, the group will be aiming to broaden its presence in the South and Southeast regions as the next stage of its growth strategy.

Glyn Barker, the chairman, commented: “Our full-year results demonstrate another year of positive progress against our strategic objectives with new acquisitions announced and multiple lateral hires recruited, we’ve invested in new technology, achieved excellent client and colleague satisfaction scores, and robust underlying financial results.

“Global economic forecasts suggests that the coming financial year will be another challenging year as inflationary pressures, in combination with the high interest rate environment and general cost-of-living crisis, will impact many consumers and businesses adversely.

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"However, the quality of our people, combined with the breadth of services and ongoing investment, supported by the strength of our balance sheet, gives us the confidence that despite the considerable headwinds, we will deliver further strategic progress in FY24 (full year 2024).”

“During the year Irwin Mitchell invested significantly in growth, new technology, client service, M&A (mergers and acquisitions) in the financial services sector, recruited 18 lateral partner hires and began to reorganise its property portfolio to meet client needs and colleague hybrid ways of working, including broadening its office reach to 18 locations across the country with new offices in Cardiff and Liverpool, as well as reviewing several property leases.”

The statement added: “As well as delivering thousands of hours of volunteering and pro bono work, the firm launched three new national charity partnerships and supported the Irwin Mitchell Charities Foundation (IMCF), to donate more than £100,000 to smaller charities based in its local communities.”

Related topics:Irwin MitchellCardiff