Harbottle & Lewis has announced its financial results for the 2023/24 financial year.

This year’s published figures capture both the ten month period from 1 June 2023 to 31 March 2024, in light of the alteration of the firm’s year end to align with the tax year following HMRC’s basis period reform, and the twelve month period from 1 June 2023 to 31 May 2024.

• For the ten month period ending 31 March 2024, the firm reported income of £42.9m. This represents a 12.9% increase on the corresponding ten month period the year before, from 1 June 2022 to 31 March 2023, in which the firm generated income of £37.9m.
• For the twelve month period ending 31 May 2024, the firm reported income of £51.9m. This represents a 9.3% increase on the 2022/23 financial year, in which the firm reported income of £47.5m.

These results reflect the firm’s continued growth over a number of years. In the 2016/17 financial year, the firm reported income of £28.1m. This year’s results therefore represent an 85% increase in income over the last seven years.

Co-managing partner Tony Littner said:

“This is the first time that Harbottle & Lewis has generated fees of over £50 million in a twelve month financial year in its near 70 year history, so to reach and then comfortably surpass this figure is a significant achievement and historic milestone for the firm. Everyone at the firm has played their part in contributing towards our achievements and, on behalf of the senior leadership team, we thank them all for their dedication and commitment. Our strong performance not only demonstrates the progress we are making in implementing our strategy and realising our long term vision, but it also means we have strong foundations for further growth, whether through investment in innovation and new technology or through investment in our people via promotions or lateral hires. These results mean that we move forward with great optimism that we will continue our upward trajectory.”