Business
Audited Preliminary Results 2022
Audited Preliminary Results 2022.
About this update from Gateley (holdings) Plc
[{"type":"text","content":"\n \n \n \n 13 September 2022\n \n \n \n \n \n \n \n \n The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. It forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \n \n \n \n \n \n \n Gateley (Holdings) Plc\n \n \n \n (\"Gateley\", the \"Group\" or the \"Company\")\n \n \n \n \n \n \n AUDITED PRELIMINARY RESULTS 2022\n \n \n \n \n Strong results, further growth and demonstrable resilience\n \n \n \n \n \n \n Gateley (AIM: GTLY), the legal and professional services group, announces its audited preliminary results for the year ended\n 30 April 2022 (\"FY22\" or the \"Period\"), which continued the Group's pre and post IPO unbroken record of year-on-year revenue and profit growth, and out-performed market expectations set at the start of the year.\n \n \n \n \n \n The Group delivered a strong financial performance in FY22, achieving significant organic growth and strengthening the business further through diversification and investment into new complementary service lines, while maintaining control on costs in the face of market specific and macro-economic headwinds. The balance sheet remains strong and the Group has significant headroom in its banking facilities to invest in further organic and acquisitive growth opportunities.\n \n \n \n \n \n \n Financial highlights\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FY22\n \n \n \n \n \n FY21\n \n \n \n \n \n Change\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Group revenue\n \n \n \n \n \n £137.2m\n \n \n \n \n \n £121.4m\n \n \n \n \n \n +13.0%\n \n \n \n \n \n \n \n Group underlying operating profit before tax1\n \n \n \n \n \n £22.5m\n \n \n \n \n \n £20.5m\n \n \n \n \n \n +9.8%\n \n \n \n \n \n \n \n Group underlying profit before tax\n \n \n \n \n \n £21.6m\n \n \n \n \n \n £19.3m\n \n \n \n \n \n +11.9%\n \n \n \n \n \n \n \n Group profit before tax\n \n \n \n \n \n £18.0m\n \n \n \n \n \n £16.3m\n \n \n \n \n \n +10.4%\n \n \n \n \n \n \n \n Group profit after tax\n \n \n...