Ashurst announces financial results - marking fifth consecutive year of revenue growth
2021 financial performance highlights
Revenue of £711 million, up 10% on the previous financial year (£644 million in 2020)
40% growth in revenue over a five-year period, with an average annual growth rate of more than 7%
Profit per equity partner of £1,038,000, up 15% on the previous financial year (£903,000 in 2020)
72% growth in profit per equity partner over a five-year period, with an average annual growth rate of more than 11%
Paul Jenkins, Ashurst s Global Managing Partner said, We continued our financial growth trajectory with strong FY21 results, marking the fifth consecutive year of revenue growth for the firm. While some practices and markets during the early part of the financial year were impacted by the pandemic, we continued to support clients as they navigated ongoing challenges and the firm experienced strong trading performance from the end of Q1 which produced a very
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Jules Ngankam, CEO, African Guarantee Fund (left) and Dr. James Mwangi, MD & CEO, Equity Group Holdings Plc display signed partnership agreement. Equity Group Holdings has signed a partnership agreement with African Guarantee Fund for a guarantee facility of Ksh. 8.25 Billion shillings to ensure Equity can support businesses on the path to recovery as they get back to their normal operations.
The African Guarantee Fund (AGF) and Equity Group Holdings Plc have signed an agreement which will provide a $75 million guarantee fund to four of Equity’s bank subsidiaries within the Group. The facility is earmarked to support Equity to scale up its lending activities to women-owned and managed Micro, Small and Medium-Sized Enterprises in Kenya, Uganda, Rwanda and DRC, ensuring women are able to access credit at affordable interest at a time when it’s most needed.