Law Firms

Gateley FY21 revenues rise 10.5% to £121.4m

The firm also revealed that group profit before tax climbed 12.2% to £13.2m for the year ended 30 April 2021, when compared to the same period last year

Gateley, the legal and professional services group, saw revenues rise 10.5% year-on-year to £121.4m in FY21.

The firm also revealed that group profit before tax climbed 12.2% to £13.2m for the year ended 30 April 2021, when compared to the same period last year.

As a result, the group operated over a strong cash generation during the financial year, with net assets minus debt soaring to £19.6m, up from a net debt of £900,000 last year.

Rod Waldie, CEO at the company, highlighted the group’s ability to “once again” deliver “year-on-year revenue growth”.

He said: “It is testament to the group’s long-established and resilient business model, which is enhanced by an increasing range of connected services offered to clients via our platforms – market-facing structures on which we aggregate complementary legal and consultancy services.  

“This, alongside our embedded ‘one-team’ culture and the outstanding collective contribution of our people, has been the driving force behind a strong financial performance especially in the context of an extremely disruptive year of uncertainty caused by the pandemic.”

Since the period end, Gateley has reported “strong trading” in the first two months of FY2, with its acquisition pipeline recommencing after a “temporary Covid-19 pause”.

Waldie added: “As we continue our strategy to build a broader professional services business, focusing on both new and existing clients, the demand for these services is strong and we are carrying a robust pipeline of work into FY22.  

“We remain excited by a wide range of opportunities and are looking forward to continuing to grow the group, both organically and via acquisition, in line with our strategy.”

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