Napthens reports record growth in profitability

By Napthens

16 Aug 2018

Website

Regional law firm Napthens has revealed the business has seen record success over the last 12 months including an 8 per cent growth in new instructions.

Shru Morris, chief executive of Napthens, which operates offices in Cumbria, Lancashire and Merseyside, said the results were the culmination of a successful three years of growth.

The firm is optimistic that this growth will mean further expansion, with plans to grow its presence in both Cumbria and Liverpool – where it recently opened its first office.

Other results for the last 12 months include a 4 per cent growth in fees, and a 35 per cent increase in profitability, with a £1.2m reduction in bank debt.

Shru said: “We’ve focused on having the right people in the business, driven to deliver great client service. The improvement in the firm’s financial position provides a strong base for further investment in improvements to our services, training and development of our people and in IT solutions, as well as in growing our business through expansion.

“Following our success in Cumbria we hope to increase our presence there soon. It’s a similar situation in Liverpool where the next step will be to maximize growth in that region by bringing in additional specialisms including employment and corporate law. And as our core client base in Lancashire continues to grow, we are planning further recruitment into our specialist services.

“We’ve focused on quality work by delivering solutions to our clients that ultimately drives performance throughout the firm – if our clients are successful, we are successful.

“The strategic investments in our people and business over the last few years are paying dividends. The confidence we and our clients have in Napthens, is reflected in some fantastic work this year.”

Shru highlighted the work of the Corporate, Employment and property teams as amongst those performing particularly well. With the Corporate team in the Top 10 for North West M&A activity volume this year, in recent months the team has advised on a high-profile acquisition by transport specialists CMAC, and a six-figure funding package for eOrigen Learning and Communications

Shru added: “The Real Estate team recently announced £160m value of transactions over the year. We’ve also seen an incredible 37 per cent growth in residential conveyancing matters due to growing the existing work plus attracting new clients by focusing on excellent service delivery. “Commercial contract work is a growth area for us and we intend to further invest in this specialism. Our Employment & HR team is a real success story and continues to provide fantastic support to our clients based on our ‘client for life’ concept.”

Enjoyed this? Read more from Napthens

Latest news

1

Adhan Group expands property portfolio Adhan House

Adhan Group expands property portfolio

16 May 2025

2

New leader proposed for South Ribble Borough Council Jacky Alty and Matthew Tomlinson

New leader proposed for South Ribble Borough Council

16 May 2025

3

Lancashire manufacturer creates innovative recyclable housing cabinets for worldwide market Ritherdon cabinet

Lancashire manufacturer creates innovative recyclable housing cabinets for worldwide market

15 May 2025

4

Blackburn Chemicals unveils most advanced powder defoamer chemical plant in the world Jack Lamb, Sales Manager at Blackburn Chemicals, Bohdan Ratycz, International Trade Adviser at the Department for Business and Trade, and John Covill, Managing Director of Blackburn Chemicals

Blackburn Chemicals unveils most advanced powder defoamer chemical plant in the world

14 May 2025

5

HealthLink expands specialist medical device logistics services to the UK Health Link in Blackburn

HealthLink expands specialist medical device logistics services to the UK

14 May 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
LBV122 May/June Launch Event
121 Lancashire Business View Magazine Launch
Networking
21 May 2025

LBV122 May/June Launch Event

Lancaster and Morecambe College, Lancaster, LA1 2TY

08:30 - 10:30

Sub36 Networking
Networking
11 Jun 2025

Sub36 Networking

British Jewellery School, Scorton, PR3 1BA

15:00 - 17:00

Lancashire Net Zero Carbon Conference
Net Zero Carbon Social 720px 1
Networking
18 Jun 2025

Lancashire Net Zero Carbon Conference

Crow Wood Hotel & Spa Resort, Burnley, BB12 0RT

08:30 - 13:00

Lancashire Built Environment Conference 2025
BEC 315 X 315 Px
Networking
25 Sep 2025

Lancashire Built Environment Conference 2025

Blackpool Football Club, Blackpool, FY1 6HX

08:30 - 13:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
02 Apr 2025 - 08 Oct 2025

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 15:30

Preston Freelancer Meet-Up: May
Freelancer Meet-Up May.png.png
LBV Hub Networking
22 May 2025 - 22 May 2025

Preston Freelancer Meet-Up: May

society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Amber River True Bearing quarterly investment seminar
LBV Hub Seminars
22 May 2025 - 22 May 2025

Amber River True Bearing quarterly investment seminar

Cottons Hotel & Spa , Knutsford, WA16 0SU

16:00 - 18:00

The Business Network Central & East Lancashire
LBV Hub Networking
22 May 2025 - 22 May 2025

The Business Network Central & East Lancashire

Mytton Fold, Langho, BB6 8AB

11:30 - 14:15

Liverpool Business Expo 2025
https---cdn.evbuc.com-images-881365363-4862066883-1-original.20241023-085714.jpeg.jpg
LBV Hub Awards
23 May 2025 - 23 May 2025

Liverpool Business Expo 2025

Aintree Racecourse , Liverpool , L9 5AS

09:00 - 15:00

Advantage: AI – A Workshop for Business Leaders – May 29
Artboard 15.png.png
LBV Hub Seminars
29 May 2025 - 29 May 2025

Advantage: AI – A Workshop for Business Leaders – May 29

Door4 Office, Burnley Wharf, Manchester Road, Burnley, BB11 1JG

09:00 - 11:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV122 Online Graphic
Subscribe now

Weekly news bulletin