Gateley

Nov 22, 2023

Rod Waldie Professional services group, Gateley has hailed a “resilient performance” in its half year results, amidst a challenging market due to macro-economic conditions. According a trading update ahead of its half year results for the six months ended 31 October 2023 (H1 24), group revenue grew by 7% and is expected to be not less than £81.5m. Underlying profit before tax, meanwhile, is expected to be not less than £10m, representing growth of 4%. Rod Waldie, Chief Executive Officer of Gateley, said: “Given the economic conditions during the period, I am pleased with the group’s performance in H1 24 and improving activity levels as the financial year progresses mean that we are carrying good momentum into H2. “Whilst the macroeconomic and geopolitical outlook remains uncertain, the group continues to benefit from the resilience created by our strategy of investing in a diverse and complementary range of professional services. “Our balance sheet provides a strong foundation from which to take a long-term view of potential opportunities to further invest in both legal and consultancy services. “Finally, as always, I would like to thank our clients for their support and our dedicated people for their ongoing hard work, commitment and can-do attitude.” A message from the Editor: Thank you for reading this story on our news site - please take a moment to read this important message: As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them. With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected. As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism. As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content. Just click here to subscribe and in the meantime may I wish you the very best. Share