Gateley (Holdings) Plc, through its subsidiary Gateley plc, offers legal advisory services to companies, individuals, and organizations in the United Kingdom, rest of Europe, the Middle East, North and South America, Asia, and internationally. The company provides its services to agriculture, construction, energy and climate change, housebuilder, leisure, manufacturing, mining and resource, public sector, retail, and transportation, as well as technology, media, and telecommunications businesses. It also offers legal services to charity law, family law, property sale, dispute resolution, financial services, private client and financial services, yacht ownership, employment law, and residenti...
Birmingham, B3 2HJ
Founded in 2014
Gateley (Holdings) plc Reports Consolidated Earnings Results for the Year Ended April 30, 2015
Sep 15 15
Gateley (Holdings) Plc reported consolidated earnings results for the year ended April 30, 2015. The company reported results being the final year of the business as an LLP and prior to admission of the group to trading on AIM on June 8, 2015. On audited LLP basis, the company reported revenue of GBP 60,871,000, operating profit of GBP 23,631,000, operating profit before non-underlying items of GBP 24,285,000, profit before tax of GBP 23,678,000, profit for the year of GBP 23,678,000. Net cash from operating activities was GBP 1,219,000 against GBP 4,037,000 a year ago. Acquisition of plant, property and equipment was GBP 869,000 against GBP 558,000 a year ago.
Based on unaudited proforma results, the company reported revenue of GBP 60,871,000 against GBP 54,616,000 a year ago. Operating profit was GBP 9,790,000 against GBP 7,446,000 a year ago. Operating profit before non-underlying items was GBP 10,444,000 against GBP 7,819,000 a year ago. Profit before tax was GBP 9,837,000 against GBP 7,427,000 a year ago. Profit for the year was GBP 7,744,000 or 7.4 pence per basic share against GBP 5,719,000 or 5.4 pence per basic share a year ago. Net cash from operating activities was GBP 1,219,000. Acquisition of plant, property and equipment was GBP 869,000. Adjusted pro-forma EBITDA was up 28.4% to GBP 11.3 million against GBP 8.8 million a year ago. Adjusted pro-forma pre-tax profit was up 32.4% to GBP 9.8 million against GBP 7.4 million a year ago. Net debt as at April 30, 2015 was GBP 0.2 million against GBP 4 million a year ago.