Gateley (Holdings) Plc Delighted with the Performance for the Year

Michael Ward, CEO of Gateley, commented:

“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.”

Gateley (Holdings) PLC (LON:GTLY), the law-led professional services group is pleased to report its audited preliminary results for the year ended 30 April 2018.

Financial Highlights

· Revenue increased 11.0% to £86.1m (2017: £77.6m)

· Adjusted EBITDA* increased 10.6% to £16.5m (2017: £14.9m)

· Profit before tax increased 11.7% to £14.6m (2017: £13.1m)

· Basic EPS increased 17.0% to 11.03p (2017: 9.43p)

· Proposed final dividend of 4.8p (2017: 4.4p) representing a full year dividend of 7.0p (2017: 6.6p)

· Strengthening balance sheet with net assets increasing to £23.0m (2017: £17.4m)

· Strong cash generation and continued investment for future growth

* Adjusted EBITDA excludes share based payment charges and exceptional items

Operational Highlights

· Strategic acquisition of housebuilder specialists GCL Solicitors acquired May 2018, adding 80 new staff

· Further acquisition of complementary non-legal Human Capital consultancy business, Kiddy & Partners, acquired July 2018

· Strong investment in fee earning staff with average fee earning staff numbers up 11.4% from 457 at 30 April 2017 to 509 at 30 April 2018. Total staff numbers up 8.8% from 696 at 30 April 2017 to 757 at 30 April 2018

· All three established share schemes now well placed to enhance equity ownership (including all staff SAYE share scheme, CSOP and Stock Appreciation Rights Schemes)

· Successful expansion of shareholder base with free float now up to 39.9%

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

    Hardman & Co

    Gateley Plc Excellent full-year results

    Gateley reported another strong set of results, again beating market expectations, underlining its consistency and predictable performance. A broad-based, legal and professional services group, Gateley is a leader in serving the UK mid-market. It continues to

    Gateley Holdings Plc

    Gateley Holdings plc Revenue up 20.1% to £46.4m

    Michael Ward, CEO of Gateley, said: “I am delighted with the performance of the business in the first half of the financial year. Our proven strong and resilient business model and our focused diversification strategy has

    Hardman & Co

    Gateley Plc Strong trading and industry opportunity

    Gateley Plc (LON:GTLY) trading statement in respect of 1H 2019 was sparkling, with 20% revenue growth in 1H and a highly confident outlook for 2H. We expect to revise our forecasts up by £2m at the

    Gateley Holdings Plc

    Gateley Holdings strong financial performance continues

    Commenting, Michael Ward, Chief Executive Officer of Gateley, said: “Our strong financial performance continues to enable the Board to invest in the future of the Group. It’s been a busy six months, including the acquisitions of

    Gateley Holdings Plc

    Gateley (Holdings) Plc Acquisition of Kiddy & Partners

    Commenting on the acquisition, Michael Ward, Chief Executive Officer of Gateley said: “This acquisition significantly broadens and strengthens our Employment and People Services offering. There will be clear opportunities for us to collaborate and deliver integrated

    Gateley Holdings Plc

    Gateley Holdings Plc Trading Update

    Gateley Holdings Plc (LON:GTLY), the national commercial law and complementary professional services group, has today announced an update on trading ahead of its audited results for the financial year ended 30 April 2018.   Trading in

    Gateley Holdings Plc

    NDAs: out of the shadows and into the spotlight

    Confidentiality or non-disclosure agreements (NDAs) are regularly used in business to keep matters such as financial information and sensitive trading data out of the public domain. In most M&A transactions the parties will enter into an

    Gateley Holdings Plc

    If the (compensation) cap doesn’t fit…

    Following a referral by the Court of Appeal to the European Court of Justice (ECJ), the Advocate General (the AG) has given her opinion on the application of Article 8 of the EU’s Insolvency Directive (the Directive) in

    Gateley Holdings Plc

    GATELEY APPOINTS NEW LEEDS OFFICE HEAD

    Listed law firm Gateley has appointed a new Leeds head, replacing the man who founded the office in 2012. Commercial dispute resolution (CDR) partner Andrew Johnson takes over from restructuring partner William Ballmann, who is reducing