Leslie Keats report strong trading results for financial year 2020
Leslie Keats are delighted to advise a strong set of trading results in the financial year to August 2020. Whilst our trading year 2019 / 2020 was in many ways one of consolidation, it was pleasing to deliver our best ever trading results both in terms of revenue and profit. We took a positive approach following the onset of the Covid-19 pandemic and ensured our team were all fully retained, either gainfully employed working from home or enjoying some hard earned ‘down time’ in what was otherwise a very busy year. An already robust balance sheet has been further strengthened, leaving us well placed to deal with the inevitable trading challenges that will no doubt last well into 2021.
Our national recoveries team has worked on most of the largest main contractor insolvency cases in the UK during the last year and the geographic reach, size and expertise of our team has proved critical to the management of these large and at times complex cases. Looking to the future, we are now focused on new working practices that will enable us to support all of our clients through what is likely to be an extremely busy period.
Advisory services to banks, alternative funders and asset-based lenders has continued throughout 2020 but on a reduced scale since April, leaving us time to contemplate and consider the future. We believe the market place is either at or nearing a ‘watershed’ moment not dissimilar to that in 2005, when we partnered with the UK’s largest independent invoice funder to develop the first construction finance platform. This led us to review methods of funding into the construction sector and we will be implementing a number of new methods and ideas during the coming months.