Gateley has reported a “strong financial performance” in its audited results for the fiscal year ending 30 April 2024 (FY24), continuing its streak of revenue growth since its IPO in 2015. The company saw a 6% increase in revenue to £172.5m, with an underlying profit before tax of £23m (down from £25.1m in the previous year) after reinstating employee bonuses of £4.5m. Gateley attributed this success to its workforce’s resilience and a positive outlook for FY25.
CEO Rod Waldie expressed satisfaction with the FY24 results, despite challenging market conditions earlier in the year. Gateley’s diversified business model, combining legal and consultancy services, contributed to another year of growth. The company continued to invest organically and through acquisitions, with the acquisition of RJA Consultants onto their Property Platform proving successful.
Gateley’s strategic focus on investments in legal services, such as the establishment of a class actions team, and continued expansion through M&A activities and lateral hires, has positioned the company for future growth. With a strong cash position and supportive banking facilities, Gateley remains optimistic about its prospects, particularly with the recent increase in transactional activity levels.
The company’s long-term strategy of investment in people and systems has proven successful since its IPO, and Gateley is committed to maintaining this approach to ensure sustained growth and enhanced returns for all stakeholders.
