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16 Jul 2015 07:00
For Immediate Release 16 July 2015
Gateley (Holdings) Plc
("Gateley" or the "Group")
Pre-Close Trading Update
Gateley (Holdings) Plc, (AIM:GTLY) a leading national commercial law firm which listed on AIM in June, announces a pre-close trading update in respect of its wholly owned subsidiary, Gateley Plc (formerly the business of Gateley LLP) for the year ended 30 April 2015.
The Board is pleased to announce that the business continued to perform well in the second half of its financial year. Revenues in the second half continued to demonstrate strong fee income growth and demand for Gateley's services and as a result full year revenue for the Group is expected to be not less than £60 million, representing a 10% increase over 2014 and yielding an EBITDA in line with management expectations.
Gateley will announce its Preliminary Results on 15 September 2015.
Michael Ward, CEO of Gateley, commented:
"We are encouraged to report such a strong trading statement, our first as a public company. Post-admission to AIM, Gateley continues to trade very well and we look to the future with confidence."
Enquiries:
Gateley (Holdings) Plc |
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Nick Smith, Acquisitions Director and Head of Investor Relations | +44 207 653 1665 |
Cara Zachariou, Head of Communications | +44 121 234 0074 or +44 7703 684 946 |
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Cantor Fitzgerald Europe - Nominated adviser and broker | +44 207 894 7000 |
David Foreman, Michael Reynolds (Corporate Finance) |
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David Banks, Tessa Sillars (Corporate Broking) |
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Buchanan - Financial PR adviser | +44 207 466 5000 |
Mark Edwards | Gateley@buchanan.uk.com |
Jane Glover |
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