Revenue at commercial law firm Gateley has exceeded £100m for the first time.
The firm, which has offices in Manchester, Leeds, Nottingham, Leicester, London and Birmingham, announced revenue increased to £103.5m, up 20.2 per cent from £86.1m in 2018, in its preliminary results for the year ended April 30.
Adjusted earnings before tax also increased 15.7 per cent from £16.5m in 2018 to £19.1m in 2019, while profit before tax increased 8.9 per cent from £14.6m to £15.9m.
Gateley identified three acquisitions, of housebuilder specialists GCL Solicitors, non-legal human capital consultancy business Kiddy & Partners and non-legal inward investment consultancy business International Investment Services, among its operational highlights for the 2018-19 financial year.
Gateley CEO Michael Ward said: “I am delighted that our legal and professional services Group has broken the £100m revenues barrier for the first time, as we delivered another excellent financial performance whilst continuing to take advantage of opportunities to diversify revenue streams through complementary acquisitions.
“Our teamwork has, once again, enabled us to maintain strong momentum. We have continued to invest in our people, with staff numbers now approaching 1,000 employees, and had our most active year to date on strategic acquisitions, all of which have been successfully integrated.”
The firm, which has around 200 people in its office in Kings Street, Manchester, also announced its achieved record staff numbers, with the average total staff numbers up 19.8%, from 757 in 2018 to 907 in 2019.
Gateley Chairman Nigel Payne said: “The scale, breadth and depth of our business continue to expand and our focus on leveraging our service offering, for the benefit of our clients, has been and will continue to be at the forefront of our strategic thinking and operational focus.”
Most Read
He added: “The Board remains confident that the business is well placed to deliver another year of growth, whilst at the same time continuing to seek complementary service lines to enhance our customer offering further.”
The financial results come after Gateley announced Rod Waldie, senior office partner of its Manchester operation and head of the national property team, as its new chief executive last week (July 10).
Mr Waldie will take over from incumbent Michael Ward in May 2020.