Gateley is back on the acquisition trial after pausing during the pandemic, buoyed by an “excellent outcome” to its financial year.<\/p>\n
The professional services group has bought nine businesses since it became a public company in 2015, including the Vinden Partnership, Kiddy & Partners, and GCL Solicitors.<\/p>\n
Gateley chief executive Rod Waldie said: \u201cAs we continue our strategy to build a broader professional services business, focusing on both new and existing clients, the demand for these services is strong and we are carrying a robust pipeline of work into FY22.<\/p>\n
“We remain excited by a wide range of opportunities and are looking forward to continuing to grow the group, both organically and via acquisition, in line with our strategy.\u201d<\/p>\n
The Birmingham-headquartered group has seen “strong trading” in May and June, and says it has “a good pipeline of new work in most units”.<\/p>\n
It is building on the momentum of 10% growth in its pre-tax profits and revenues in the year to April, which rose to \u00a313.2m and \u00a3121.4m respectively.<\/p>\n
Waldie said: \u201cI am delighted with the excellent FY21 outcome, a year in which we exceeded our own pandemic-adjusted performance expectations set in the first month of the year. We have, once again, delivered year-on-year revenue growth.<\/p>\n
“It is testament to the group\u2019s long-established and resilient business model, which is enhanced by an increasing range of connected services offered to clients via our platforms \u2013 market-facing structures on which we aggregate complementary legal and consultancy services.”<\/p>\n
In the last month its share price has returned to its pre-lockdown peak, trading above 200p and valuing the group at around \u00a3250m.<\/p>\n
However the recovery has not been without its problems. Last month Gateley reported a cyber attack which, although “confined to a very small part of its data store\u201d, did include some client data.<\/p>\n","protected":false},"excerpt":{"rendered":"
10% increases in revenue and profit lays platform for further growth<\/p>\n","protected":false},"author":18,"featured_media":2031626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58124],"coauthors":[81],"class_list":["post-2053646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-professionals","tag-featured-story"],"yoast_head":"\n