CEO Q&A with Michael Ward at Gateley Holdings PLC (LON:GTLY)

Gateley Holdings PLC (LON:GTLY) Chief Executive Officer Michael Ward caught up with DirectorsTalk for an exclusive interview to discuss their latest results, the rationale behind the new acquisitions, IPO’s in the legal sector and their view for the rest of this year and 2019.

 

Q1: You’ve released your results this morning for the year 30th April 2018, congratulations on delivering another record performance. What has driven this?

A1: Well, it’s been a good year for all our teams but in particular we’ve had strong performances from Corporate M&A, Banking, Commercial Real Estate and Residential Development.

 

Q2: Gateley recently acquired GLC Solicitors and Kiddy & Partners, what was the rationale behind these deals?

A2: Both businesses were top performers in their individual marketplace. GLC is a firm of solicitors totally focussed on delivering legal services to housebuilding clients, so this acquisition increases our go-to-market capacity in a business sector where we already have a market-leading position. Kiddy & Partners is a business which assists clients with the development of their senior management teams, it’s got an excellent client base and we look forward to working with them going forward.

 

Q3: The legal sector has witnessed a recent space of IPO’s, what do you think is behind this?

A3: I think probably investors have woken up to the fact that the legal services industry is an attractive place to invest in. I think our presence on AIM over the last 3 years and our performance has obviously helped investors understand the marketplace and the provision of legal services and no doubt, there’ll be more to follow.

 

Q4: How is current trading for Gateley Holdings, how do you view the rest of 2018-2019 financial year?

A4: Current trading is good and throughout the remainder of the financial year, we’re looking to drive forward our business on all of our teams and obviously, we look forward to working with our newly-acquired businesses.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Gateley Holdings Plc

    More articles like this

    Gateley Holdings Plc

    The gender pay gap reporting deadline is approaching

    In April 2017 we wrote about the introduction of new lawrequiring certain organisations to publish information about their gender pay gap. Almost a year on and the first reporting deadline is fast approaching. All private and voluntary sector employers

    Gateley Holdings Plc

    The gender pay gap reporting deadline is approaching

    In April 2017 we wrote about the introduction of new law requiring certain organisations to publish information about their gender pay gap. Almost a year on and the first reporting deadline is fast approaching. All private and voluntary sector employers

    Gateley Holdings Plc

    The AI robots are coming – but don’t panic, just adapt

    The increasing rise in new or disruptive technologies is causing a wave of change across traditional businesses (including law firms!), requiring many industries and professions to re-think the way they provide their services. Expectations for technologies

    Gateley Holdings Plc

    Financial aspects of the latest programme of law reform

    Back in 2016, the Law Commission launched the 13th Programme of Law Reform and sought the opinion of the general public on key issues they believe require urgent reform. The consultation received over 1,300 submissions, covering 220 different areas

    Gateley Holdings Plc

    To be, or not to be, (insolvent), that is the question

    A Company Voluntary Arrangement (CVA) can be a useful tool for companies and other businesses to enter into a statutory arrangement with its creditors. It allows a business to propose a compromise which becomes binding on

    Gateley Holdings Plc

    The importance of compliant warranty claim notices

    Back in December we wrote about the importance of following the rules set out in an agreement when bringing a claim under that agreement. The buyer in that case found out to its detriment just how vital it is

    Gateley Holdings Plc

    New terms, new guarantee?

    The underlying question for any guarantor is a basic one – what is the extent of my liabilities? The principal question for any lender on the other hand is – how can I ensure the guarantor’s

    Gateley Holdings Plc

    The legalities of flexible working requests

    Flexible working is increasingly commonplace and most employers will have had experience of employees whose working pattern is atypical, or of employees who have made a request to change their working pattern which they may not

    Gateley Holdings Plc

    Blue Monday and the workplace

    The third Monday in January is considered to be the most depressing day of the year and was labelled “Blue Monday” by psychologist Cliff Arnall in 2005. Contributing factors include the post-Christmas period, debt and poor

    Gateley Holdings Plc

    Extinguishing a recent restrictive covenant

    In the recent decision of Barter (Re Ivy House) the Upper Tribunal had to consider whether to discharge a restrictive covenant that had been imposed on the applicants only four years previously. Somerset County Council advertised a residential