Gateley breaks £100m turnover barrier for the first time

Michael Ward, Gateley

Trading in the second half of the financial year has remained strong for Gateley, the law led professional services group.

In an update the firm, which has offices in Nottingham and Leicester, said: “Trading in the second half of the financial year has remained strong. The Board is delighted with revenue and profit growth in the year which has enabled the Group to not only increase its dividends to shareholders but, also, to invest further in the business.”

Subject to audit, the firm expects revenue for the financial year ended 30 April 2019 to be at £102 million (2018: £86.1 million), adjusted EBITDA* to rise to £19 million (2018: £16.5 million) and reported profit after tax to be no less than £13 million (2018: £11.8 million).

Michael Ward, Chief Executive Officer of Gateley, said: “I am delighted that the business has broken the £100m turnover barrier for the first time and delivered another excellent performance, whilst continuing to take advantage of further opportunities to diversify our revenue streams through complementary acquisitions.

“Our teamwork has once again delivered another year of strong momentum and investment as we approach 1,000 employees and have successfully integrated further strategic acquisitions, including our new Guildford office location, into the growing Gateley Group. Our national reach, built on our already well balanced business, creates further exciting opportunities for future expansion.

“We look forward to the future with confidence.”