Wednesday, December 4, 2024

Revenue and profit on the rise at Gateley

Revenue and profit are on the rise at Gateley, the professional services group, according to a trading update ahead of half year results for the six months ended 31 October 2024.

The firm says its “increasingly diverse business lines combined to deliver a strong performance in the Period,” in which group revenue grew by 5% and is expected to be not less than £86m.

Underlying profit before tax, meanwhile, is expected to be not less than £10.5m, representing growth of 5%.

Rod Waldie, Chief Executive Officer of Gateley, said: “I am pleased with the Group’s performance in H1 25 and the ongoing improvement in activity levels as the financial year progresses, which means that we have good momentum into H2.

“The Group continues to benefit from the resilience created by our strategy of investing in a diverse and complementary range of professional services.

“We are pleased that our more recent organic investments are beginning to generate positive returns alongside the strong performance from our recently acquired businesses. Our balance sheet provides a strong foundation from which to take a long-term view of potential opportunities to further invest in both legal and consultancy services.

“Finally, as always, I would like to thank our clients for their support and our dedicated people for their ongoing hard work, commitment and can-do attitude.”

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