Gateley ‘has good momentum’ as revenues continue to rise
Gateley’s chief executive Rod Waldie believes the professional services group “has good momentum” after achieving a 5% increase in revenues and underlying profits in the first half of the year.
The Birmingham-headquartered group has told shareholders that its “increasingly diverse business lines combined to deliver a strong performance” in the six months to October.
Gateley has expanded from its law firm origins to include property consultancies, a tax consultancy, business psychologists, and leadership development companies.
Waldie 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.”
Group revenue is expected to be at least £86.0m, with underlying pre-tax profits up to £10.5m. It is forecasting it will meet market expectations of £184m revenue and underlying profits of £24.1m in the current financial year.
The changes to National Insurance contributions announced in the budget last month will add £1.8m to its costs next year, but the group said it will “mitigate these costs through pricing and efficiencies”.
