Gateley (Holdings) Plc (GTLY): Excellent full-year results
Gateley reported another strong set of results, again beating market expectations, underlining its consistency and predictable performance. A broad-based, legal and professional services group, Gateley is a leader in serving the UK mid-market. It continues to deliver on its pre-IPO plan, growing revenue, profit, breadth of service offering and geographical footprint since flotation. Strong cash generation and organic revenue growth were highlights, with 10.7% of revenues coming from acquisitions. Gateley made two strategic acquisitions this year, for shares and cash, which enhances its long-term excellent organic growth performance. A recent strategic placing improved liquidity and further expanded its institutional shareholder list.
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