Appealing... the law experts who rake in millions from banks

GORDON Dadds Group is a fast-growing legal and professional services firm, run by Adrian Biles, an ambitious former lawyer with a long and successful track record in business.

The firm floated on AIM in August 2017 at 140p. The shares are now 142½p and should rise substantially over coming years. Biles and two fellow investors bought Gordon Dadds i n 2013, followed by a string of other law firms, as well as a tax consultancy and a financial consulting team for investment banks.

Biles also set up a top notch IT base in Cardiff, now used by all the subsidiaries so they are more cost-effective than many of their peers.

Gordon Dadds’ income from fees was £2.5 million at the start of 2013 and had surged to £ 25 million by the time the group listed.

Over time, Giles is keen to build fee income to over £100 million, as the legal market is full of small firms that could benefit from being part of a large, well-capitalised company.

In the short-term, analysts expect profits to rise 25 per cent to £2.5 million in the year to March 31, accompanied by a maiden dividend of 3.3p. Traded on: AIM Ticker: GOR Contact: gordondaddsgroup.com or 020 7493 6151 Midas verdict: Gordon Dadds is well run with a clear growth strategy that should do well, even if economic conditions deteriorate. Biles is a 27 per cent shareholder too so he is motivated to deliver. Buy.