Member Article

Gateley unveils first results since AIM-listing

Gateley LLP, the only AIM-listed law firm, has revealed its first pro-forma full-year results since its £30m flotation in June.

Headquartered in Birmingham with ten offices nationwide including Leeds, Manchester and London, the law firm said it was operating in a “challenging legal marketplace” for the year ended 30 April 2015.

Across the business, Gateley saw unaudited pro-forma pre-tax profit increase to £9.8m for the financial year, compared to £7.4m for the same period in 2014.

Revenues at Gateley from banking and financial services rose 12.8%, while the property division saw revenues increase by 16.1% due to “improvements in the marketplace” across the commercial and residential sectors.

Nigel Payne, chairman of Gateley, commented: “In an evolving and still challenging legal marketplace the Group has delivered a pleasing set of results for the year ended 30 April 2015 which provide a solid platform for the business as we embark upon delivering on our goals and objectives as a Plc.”

Michael Ward, CEO of Gateley, commented: “I’m delighted to present our final year results for Gateley prior to the business becoming a listed company. Gateley’s performance in the year ended April 2015 and its admission to AIM in June 2015 has created a solid foundation from which to build the business and strengthens our ability to execute our longer term growth strategy.

“It would be remiss of me not to thank all the management and staff at Gateley for their continued support and commitment, particularly during a period of considerable change. It is testament to the quality of our people that the financial results for last year are as good as they are.”

This was posted in Bdaily's Members' News section by Ellen Forster .