Gateley Holdings PLC
LSE:GTLY
Gateley Holdings PLC
Gateley (Holdings) Plc engages in the provision of commercial legal services. The Company’s segments include Banking and Financial Services, which is engaged in the provision of legal advice in respect of asset finance, banking and corporate recovery services; Corporate, which is engaged in the provision of legal advice in respect of corporate, family, private client and taxation services; Business Services, which is engaged in the provision of legal advice in respect of commercial, commercial dispute resolution, litigation, regulatory, shipping, transport and insurance services; Employees, Pensions and Benefits, which is engaged in the provision of legal advice in respect of employment and pension services, and Property, which is engaged in the provision of legal advice in respect of construction, planning, real estate and residential development services.
Gateley (Holdings) Plc engages in the provision of commercial legal services. The Company’s segments include Banking and Financial Services, which is engaged in the provision of legal advice in respect of asset finance, banking and corporate recovery services; Corporate, which is engaged in the provision of legal advice in respect of corporate, family, private client and taxation services; Business Services, which is engaged in the provision of legal advice in respect of commercial, commercial dispute resolution, litigation, regulatory, shipping, transport and insurance services; Employees, Pensions and Benefits, which is engaged in the provision of legal advice in respect of employment and pension services, and Property, which is engaged in the provision of legal advice in respect of construction, planning, real estate and residential development services.
Revenue Growth: Gateley delivered higher revenue in H1, supported by increased fee earner utilization and strong performances across most business platforms.
Margin Focus: Operating profit margin was in line with expectations, with management emphasizing ongoing efforts and a new near-term ambition to reach at least a 13.5% margin.
Dividend Maintained: An interim dividend of 3.3p per share was declared, maintaining the company’s commitment to progressive returns.
Platform Performance: Three out of four platforms grew revenue and margin, with standout growth in Business Services (8.5%) and Corporate (11.1%). The People platform saw a small decline, mainly due to headcount contraction.
M&A Pipeline: The acquisitions pipeline is strong, with 15 deals completed since IPO and ongoing discussions for larger, more complex opportunities.
Balance Sheet Strength: The balance sheet remains strong and supports both ongoing investment and M&A ambitions, with significant headroom for additional acquisitions.
Guidance In Line: Full-year expectations remain in line with market consensus, and management is more optimistic about H2 and beyond.
