Gateley’s revenues rise in challenging market

COMMERCIAL law firm Gateley, which has an office in Leeds, saw its revenues rise last year as it faced a “challenging” market.

Michael Ward of Gateley

Gateley has published its results for the year ended April 30 2015, which was its final year as an LLP. It was admitted to trading on AIM on June 8 2015.

The firm saw its full year revenue rise by 11.5 per cent to £60.9m. Adjusted pro-forma EBITDA was up 28.4 per cent to £11.3m.

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Over the year, the firm advised on more than 250 corporate deals with an aggregate value in excess of £1.5bn

Its successful IPO raised £30m in June 2015.

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

“The board is focused on ensuring that Gateley is ideally positioned to maximise the opportunities from the changing marketplace in which we operate as well as from our new and more flexible Plc status.”

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.”