Law firm Gordons of Leeds and Bradford expects to return to growth in 2018 after reporting a another year of falling turnover.
Turnover for Gordons in 2016/17 fell to £15.4 million. This was £10 million below what the law firm reported in 2013.
Gordons did make a profit of £4.9 million in 2016/17 and its management believes that with significant changes now out of the way, 2017/18 will see the firm return to growth.
The firm, which has offices in Leeds and Bradford and employs almost 200 people, has secured new business wins this year, laying the ground for increased activity in 2018.
This includes an appointment to Canal & River Trust’s debt recovery panel, where the firm will assist the charity in recovering funds that allow it to continue its work.
Gordons has been appointed to recover debts including licensing and mooring fees, utilising the firm’s portal and case management system.
The firm has been building its debt recovery offering over the last five years and currently provides pragmatic and commercially-focused advice, with the aim of cost-effective debt recovery.
Gordons has also advised Pure Gym on new premises, Stage One Creative Services on the expansion of its base at Marston Moor Business Park, and B&M on the property due diligence on its £152 million acquisition of Yorkshire-based Heron Food Group.
Managing partner Paul Ayre said in a statement on the firm’s financial results: “We’ve undergone a lot of change in the last couple of years. That has now unravelled and we are set to return to growth this year, as a leaner, more focused business.”