LONDON: Gateley Holdings (AIM: GTLY), a UK-based professional services firm, reported a 4.1% rise in annual revenue to £179.5 million for the year ended April 30, 2025, driven by solid performance in its legal services arm and strategic investment activity.
Organic growth in legal services reached 3.9%, while underlying operating profit edged up 3.3% to £20.9 million. Overall activity levels improved to 87% compared with 83% a year earlier, despite challenging market conditions and political uncertainty linked to the General Election and the upcoming Autumn Budget.
However, reported profit before tax fell 54.4% to £6.4 million, with net assets declining by £12.8 million to £67.5 million. The group swung to a net debt position of £6.6 million, compared to net cash of £3.8 million in FY24.
The board maintained its dividend at 9.5 pence per share, citing confidence in its diversified business model and momentum heading into FY26.
CEO Rod Waldie attributed the modest growth to resilient activity levels, effective cost control, and returns from previous investments, while warning of potential volatility in the near term.
Gateley noted strong operational gains, including 15 partner hires and 25 sector awards, and confirmed FY26 trading is currently in line with expectations. The group remains focused on enhancing margins and capital allocation for long-term growth, targeting a 13.5% operating margin.