Gateley’s revenue has increased by 10 per cent from £60m to £66m in its first full year as a listed entity.
The firm also reported that adjusted earnings before interest and tax (EBITDA) stood at £12.6m for the 2015/16 financial year.
The results are consistent with the firm’s half-year figures, which increased 10.9 per cent from 26.7m to £29.6m.
Gateley CEO Michael Ward said: “In a market that continues to be challenging the board has remained focused on the execution of our stated strategy of long-term organic and acquisitive growth.”
The results are the first full year results announced since the firm floated on AIM last year. Gateley was the first UK law firm to take advantage of its alternative business structure (ABS) licence by listing on the London Stock Exchange.
The initial public offering valued the firm at £100m and raised £30m in capital during its first day of trading. The selling shareholders raised £25m in gross proceeds while the company raised £5m.
Gateley pledged to use the funds raised to grow and diversify its business through acquisitions. The first of such acquisitions took place last month when Gateley bought tax advisory business Capitus for £2.72m.
Capitus advises investors on commercial property transactions and generated £1.38m in turnover in 2014/15. The business is now known as Gateley Capitus and operates as a wholly owned subsidiary of Gateley Plc.
Following today’s results announcement Gateley’s share price rose 4.6 per cent from 103p to 107.7p. The board is set to announce a dividend in July 2016.