Gateley Revenue Breaks £100M For First Time
The listed firm has announced its pre-audited financial results ahead of a formal posting in July.
May 23, 2019 at 05:11 AM
2 minute read
Gateley CEO Michael Ward
Listed U.K. Gateley's revenue has soared by nearly 19% to hit £102 million in its unaudited accounts for the most recent financial year.
Its projections for the 2018-19 financial year mean that the listed firm has broken the £100 million barrier for the first time.
In its pre-audit figures, the firm has also reported profit after tax of about £13 million – up by 1.2 million on last year's results. It also expects to announce earnings before interest, tax, depreciation and amortisation of "not less than £19 million".
Its audited accounts will be formally announced on July 16, 2019. In today's statement, Gateley said it intends to recommend paying out more to its shareholders "in line with its stated dividend policy".
The firm has picked up several headline mandates in recent months, including leading on the administrations of UK café chain Patisserie Valerie and the collapse of Jamie Oliver's restaurant empire.
Gateley CEO Michael Ward said in a statement: "Our teamwork has once again delivered another year of strong momentum and investment as we approach 1,000 employees and have successfully integrated further strategic acquisitions, including our new Guildford office location, into the growing Gateley Group."
Last year, Gateley made its third law firm acquisition when it took over Guildford property firm GCL Solicitors.
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