4th Jun 2026 12:39
(Alliance News) - Gateley Holdings PLC on Thursday said a "worsening medium term interest rate outlook" impacted client sentiment, resulting in delays to transaction completions.
The Birmingham, England-based legal and consultancy firm expects revenue of around GBP193 million in the financial year to April, up 7.5% from GBP179.5 million the year prior, and ahead of consensus expectations.
It projects full-year underlying operating profit of between GBP21 million to GBP22 million, in-line with consensus expectations, up slightly from GBP20.9 million the year before.
But adjusted operating operating margin is forecast to fall to around 11.1% from 11.7% on-year, reflecting the changing business mix and higher than anticipated transactional deferment progressing through the fourth quarter.
Shares in Gateley Holdings fell 12% to 58.15 pence each in London on Thursday.
Gateley Holdings said after a strong start to the financial year, it experienced a "slowing of certain transactional services activity" through the second quarter.
"More recent developments in the Middle East, combined with a worsening medium term interest rate outlook, also impacted client sentiment, resulting in a mix of transactional timelines pausing and extending beyond FY26 in both our Corporate and Property Platforms," it added.
The firm ended the year with net debt, excluding IFRS 16 leases, of GBP25.3 million, up from GBP6.6 million the year before.
By Jeremy Cutler, Alliance News reporter
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