Gillespie Macandrew beats growth target with £11m fee intake

Gillespie Macandrew has beaten its revenue growth target after it took in fees of £11.36 million for the year to February 28 2017, unaudited reports show.

The increase is the fifth consecutive one for the firm, which broke through the £10m barrier last year.

The firm said it had focused on organic growth and a recruitment plan intended to help growth, with the staff and partner count rising from 129 to 137 in the past year.

CEO Chris West said: “We set out to increase fees by around 10 per cent to £11.25m and at the same time to further reduce the money we have tied up in unbilled work and uncollected fees.

“To finish the year having achieved both aims, as well as continuing to be debt free and to have cash in the bank, is a really positive outcome.”