Fuelling growth through continuing investment 

Our professional services group creates a platform for scalable and sustainable growth.

• Gateley’s experienced management team has delivered an unbroken track record of revenue and profit growth through multiple economic cycles:

  • 9.1% compound annual growth in adjusted profit before tax since IPO.

  • 6.0% revenue growth in FY24 with net assets of £80.3m at the end of April 2024.

• The market in UK legal services provides a strong foundation on which to base a strategy for growing a wider professional services group, further increasing the Group’s resilience.

• Gateley’s strategic position creates strong organic growth opportunities and a platform upon which it can diversify through acquisition.

• Gateley has a strong balance sheet, with net cash and committed acquisition finance facilities placing it in an excellent position to invest for further growth.

• Gateley has established and resilient revenue streams with a high conversion of profit into cash:

  • 92.5% adjusted free cashflow in FY24 with net cash of £3.8m at the end of April 2024.

• Gateley provides an attractive dividend income stream. Dividends have returned 62.2p to shareholders since IPO in 2015 when the flotation price was 95.0p. 

• Gateley has significant internal share ownership and a strong people culture with purpose-led responsible business objectives.

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TRADES HISTORY

Gateley is committed to achieving high standards of governance commensurate with the size and stage of development of the company and we continually develop processes within the Group to support this.

As a business operating predominantly in the legal services market, we are subject to a highly regulated environment and regular review by our professional body.

The QCA Corporate Governance Code 2018 was adopted by Gateley (Holdings) Plc on 9 July 2018. The Board has considered the application of the ten principles set out in the Code to the Group and has concluded that we comply with these principles.

This information is being disclosed for the purposes of AIM Rule 26. The information disclosed on this website was last updated on 12 June 2024. 

Board Committees

The Company holds regular Board meetings. The Directors are responsible for formulating, reviewing and approving the Company’s strategy, budget and major items of capital expenditure. The Company has an audit and risk committee (the “Audit & Risk Committee”), a remuneration committee (the “Remuneration Committee”) and a nomination committee (the “Nomination Committee”) with formally delegated rules and responsibilities.

Each committee meets throughout the year as and when appropriate and in the case of the Remuneration and Audit & Risk Committees at least three times each year. The members of the Audit & Risk Committee are Nigel Payne, Joanne Lake, Colin Jones and Edward Knapp; chaired by Joanne Lake. The Audit & Risk Committee determines and examines matters relating to risk management within the Group and the financial affairs of the Company including the terms of engagement of the Company’s auditors and, in consultation with the auditors, the scope of the audit. It receives and reviews reports from management and the Company’s auditors relating to the half yearly and annual accounts and the accounting and the internal control systems in use throughout the Group.

Remuneration Committee

The Remuneration Committee comprises Nigel Payne, Joanne Lake and Colin Jones; chaired by Colin Jones. The Remuneration Committee reviews and makes recommendations in respect of the Directors’ remuneration and benefits packages and that of senior employees, including share options and the terms of their appointment. The Remuneration Committee also makes recommendations to the Board concerning the allocation of share options to employees under the SAR Scheme.