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RNS Number : 3367T Gateley ( Holdings ) PLC 24 November 2021 24 November 2021 GATELEY ( HOLDINGS ) PLC ( " Gateley " , or the " Group " ) Trading Update and Notice of Results Continued strong trading momentum Gateley ( AIM : GTLY ) , the legal and professional services group , is pleased to announce a trading update ahead of its half year results for the six months ended 31 October 2021 ( the " Period " ) , which will be announced on 12 January 2022 . The Board is delighted with the strong performance of the Group in the Period , both in terms of activity levels and fee generation , which were in line with management's expectations . Revenue for the Period has grown by 23 % and is expected to be not less than £ 62.0m . Momentum built during the strong second six months of FY21 has continued throughout the Period , further vindicating the Group's decision in 2020 to retain capacity during the onset of the pandemic . Gateley continues to benefit from lower - than normal levels of discretionary expenditure which is expected to last at least through the remainder of the financial year . Underlying adjusted profit before tax * is not less than £ 8.1m for the Period , compared with £ 7.5m for the prior Period . Cash generation during the Period has remained strong after reintroducing dividends to shareholders and bonus payments to staff , net cash was £ 7.8m at the Period end . The Board looks forward to the second half of the financial year with confidence . * Underlying adjusted profit before tax excludes share - based payment charges , amortisation and exceptional items Commenting , Rod Waldie , Chief Executive Officer of Gateley , said : " Our long - established and resilient business model , enhanced by an increasing range of connected services offered to clients via our Platforms , and our embedded ' one - team ' culture have been the driving force behind another strong financial performance from Gateley . On behalf of the Board , I thank our incredible people for their ongoing hard work , commitment and can - do attitude . " We are excited by the wide range of opportunities that are presenting themselves to the Group and look forward to continuing to grow the business , both organically and via acquisition , in line with our stated strategy . " Enquiries : Gateley ( Holdings ) Plc Neil Smith , Finance Director Nick Smith , Acquisitions Director and Head of Investor Relations Cara Zachariou , Head of Corporate Communications Liberum - Nominated adviser and Broker Richard Lindley / Ben Cryer / Cara Murphy Belvedere Communications Limited - Financial PR Cat Valentine ( cvalentine@belvederepr.com ) Keeley Clarke ( kclarke@belvederepr.com ) Llew Angus ( langus@belvederepr.com ) Tel : +44 ( 0 ) 121 234 0196 Tel : +44 ( 0 ) 20 7653 1665 Tel : +44 ( 0 ) 121 234 0074 Mob : +44 ( 0 ) 7703 684 946 TSTFLFETLDLVFIL Tel : +44 ( 0 ) 20 3100 2000 Mob : +44 ( 0 ) 7715 769 078 Mob : +44 ( 0 ) 7967 816 525 Mob : +44 ( 0 ) 7407 023 147 gateleypr@belvederepr.com This information is provided by RNS , the news service of the London Stock Exchange . RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom . Terms and conditions relating to the use and distribution of this information may apply . For further information , please contactrns@Iseg.com or visit www.rns.com . RNS may use your IP address to confirm compliance with the terms and conditions , to analyse how you engage with the information contained in this communication , and to share such analysis on an anonymised basis with others as part of our commercial services . For further information about how RNS and the London Stock Exchange use the personal data you provide us , please see our Privacy Policy . END Page 1 of 1