Listed law firm Gateley announces 10% rise in half-year revenue
Gateley says it expects to report revenue of nearly £30m for the first six months of the year
November 16, 2015 at 05:15 AM
2 minute read
Listed law firm Gateley Plc has announced that it is set to report a 10% increase in revenue in the six months to 31 October compared to the equivalent period last year.
In a statement to the stock exchange this morning, the firm said that it expected its revenue for the six months to 31 October will be at least £29.5m when it reports its audited half-year results in December.
According to its six month trading update the firm is 10% up on the "corresponding pro-forma period last year."
In September, in its first annual results since listing, the firm announced revenue of £60.9m for 2014-15 – its final year as a limited liability partnership – an 11.5% increase on its 2013-14 revenue of £54.6m.
Gateley became the first UK firm to go public when it floated on the AIM market in June 2015.
The results do not include the contributions made by its Aberdeen, Edinburgh and Glasgow offices, which trade under the name HBJ Gateley.
These offices were not included in the stock market flotation and remain an independent business, affiliated with Gateley.
Gateley received an alternative business licence (ABS) in 2013 which allowed it to receive external funding and ultimately, float on the stock market. However, ABS structures are not recognised by the Scottish legal system so Gateley's Scottish offices were unable to go public alongside its English and Dubai offices.
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