Newly listed UK law firm Gateley predicts £60 million revenue
The first law firm to float in the UK has reported strong trading conditions.
Newly listed UK law firm Gateley has reported strong trading with predictions for a 10 per cent increase in full year revenue. In its first trading statement the company said: ‘The Board is pleased to announce that the business continued to perform well in the second half of its financial year.
Revenues in the second half continued to demonstrate strong fee income growth and demand for Gateley’s services and as a result full year revenue for the Group is expected to be not less than £60 million, representing a 10 per cent increase over 2014 and yielding an EBITDA in line with management expectations.
Commenting, Michael Ward, CEO of Gateley, said: ‘We are encouraged to report such a strong trading statement, our first as a public company. Post-admission to AIM, Gateley continues to trade very well and we look to the future with confidence.’
The firm will announce its preliminary results on 15 September.
Source: Global Legal Post – Newly listed UK law firm Gateley predicts £60 million revenue
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