Saturday, May 30, 2020

Gateley deliver strong results as profits and revenue experience double digit growth

Revenue and profits are on the up at Gateley, the legal and professional services group, according to unaudited results for the six months ended 31 October 2019, demonstrating double digit growth.

Revenue increased by 11.8% to £51.8m (H1 19: £46.4m) while profit before tax increased by 10.2% to £5.5m (H1 19: £5.0m).

The news follows two acquisitions – of Persona Associates Limited, the land referencing consultants, in July 2019, and T-three Group, the human capital consultants, in December 2019.

Michael Ward, CEO of Gateley, said: “The Board is pleased with the Group’s first half performance, delivering another strong set of results and reflecting our broad, well-balanced service offering and our ability to both expand and invest for the long-term benefit of the Group’s stakeholders.

“Investment in our staff complement continues, with employee headcount now exceeding 1,000. As we grow, we continue to support our employee aspirations through both exciting career progression opportunities in an expanding business together with the delivery of meaningful shareholdings being achieved via our range of share schemes.

“Exceeding our client’s expectations remains at the forefront of our service ethos and true to our culture and beliefs. We believe the Group is well placed to continue to expand. We remain confident that the business is well positioned to deliver in line with market expectations for the full year.”

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