‘Resilient’ Gateley hails revenue and profit rise

Professional services group Gateley saw its underlying profits and revenue rise for the six months to October 31 2024, in what were “pleasing” results for the firm’s CEO.
Revenues rose by 5.3% to £86.3m over the period, with underlying profit before tax up 5.9% to £10.6m.
The firm’s legal services line saw relatively weak growth of 2.1% compared to consultancy service which which grew by 13.6% to £25.7m.
Gateley, which has been hoovering up smaller firms over recent years, says it has a “promising” M&A pipeline as it enters the second half of its financial year.
Rod Waldie, chief executive officer of Gateley, said: “I am pleased with the group’s performance in H1 25.
“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.”