Revenue increases 11% at Gateley

Michael Ward, Gateley

Gateley plc, the law-led professional services group, has seen a revenue increase of 11.0% to £86.1m (2017: £77.6m) and an increase in profit before tax of 11.7% to £14.6m (2017: £13.1m) for the year ending 30th April.

The news comes after the acquisition of housebuilder specialists GCL Solicitors in May, and the acquisition of complementary non-legal Human Capital consultancy business, Kiddy & Partners, in July.

Michael Ward, CEO of Gateley, said: “We are delighted with the performance of the business this year, a year in which we have grown our revenues, increased our profit, enhanced our returns to shareholders and invested in the future through additional staff hires and two complementary acquisitions.

“As the first UK commercial law-led professional services group to be admitted to AIM, we are justifiably very proud of our team who continue to support our journey and help drive the business forward with such strong momentum.”

“The Board strongly believe that the time remains right for providing greater choice for our clients and investors and we therefore remain focused on further enhancing the breadth of our offering for the benefit of all our stakeholders.

“At the same time we continue to build resilience into our business model and feel confident that the business we have grown profitably over many decades is now strengthened further by the blend of professionals that we continue to attract.”