Gateley report 13% rise in annual revenue

Published by

Stephen Emerson

Announcing their financial results, Legal and Professional Services firm, Gately have declared pre tax revenue streams of £137.2million for FY 2022.

This compares to £121.4million for FY21. The fiscal report stated these revenues yielded an increase of 10.4% in profit before tax to £18.0m (FY21: £16.3m).

The Gateley Group stated their organic revenue growth was 10.9%, comprising 8.7% in legal service lines and 26.7% in consultancy services.

It was a healthy year of growth for the company who confirmed they hired an additional 287 people during the reporting period.

Reporting a healthy pipeline of incoming work for FY23 and expectations of further growth, Rod Waldie, CEO of Gateley, said: "I am delighted with the Group's performance in FY22.

"We have delivered another set of strong revenue and profit growth figures whilst continuing to strengthen our balance sheet. Legal services generated solid organic revenue growth, comparing favourably with reported UK legal industry performance. Our consultancy service lines delivered impressive organic growth of 26.7% resulting in overall consolidated Group organic revenue growth of 10.9%.

"I am particularly pleased that we completed three exciting consultancy acquisitions in the Period and achieved annualised consultancy revenue of over c.£32m as we continue to grow our complementary services, diversifying our offering and deepening our connections with our clients.

"I thank our ever-expanding client base for their trust and support throughout FY22 and for giving us the opportunity to work with them on high quality mandates. We remain committed to our purpose of delivering results that delight our clients, inspire our people and support our communities.

"We have a good pipeline of work and maintain our expectations for growth in FY23, despite the well-reported inflationary pressures. We look forward to continuing to grow the Group, both organically and via acquisition."

Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset. Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users. He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.