Listed law firm ‘delighted’ with profit hike
Listed law firm Gateley, which has offices in Leicester and Nottingham, has reported healthy increases in turnover and revenue for the year-ending 30 April.
Revenues increased by 11% to £86.1m, while profits before tax were up 11.7% to £14.6m.
The figures come six weeks after Gateley housebuilder specialists GCL Solicitors, adding 80 staff, and in the same month as the acquisition of human capital consultancy business Kiddy & Partners.
Staff numbers at the firm now stand at 757.
Michael Ward, chief executive 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.”
