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Professional services group records “resilient” first half financial performance
Gateley, the professional services group, has hailed a “resilient” first half financial performance, with revenue and profits on the rise against a challenging macro-economic backdrop.
According to unaudited results for the six months ended 31 October 2023, revenue was up 7.6% at £82m, growing from £76.1m in the same period of the year prior.
Group profit before tax meanwhile reached £7.4m, increasing from £6.3m.Rod Waldie, Chief Executive Officer of Gateley, said: “Given macro-economic conditions during the period, I am pleased with the Group’s resilient H1 24 performance.
“This is testament to, firstly, our strong client relationships, sustained by the excellent service delivered by our people and, secondly, our strategy working in practice as we continue to differentiate Gateley and enhance resilience via the aggregation of, and continued investment in, complementary legal and consultancy services on each of our Platforms.
“Our H2 24 outlook reflects our cautious view on the market conditions we are currently experiencing. That said, I am confident in the ability of our excellent teams to continue to rise to the challenge for the remainder of this year, and beyond. We continue to invest in the business and remain confident and well-positioned to deliver our long-term ambitions.”
Multi-million pound Bridlington investment could create 200 new jobs
Investment of £3.7m investment to modernise and transform the fortunes of Bridlington Business Park could create 200 east coast jobs.
Bought by Manchester-based MCR Property Group in November 2021, a significant part of the development on Bessingby Way is being modernised to meet the demands of local occupiers. The capital investment programme is transforming the northern part of the site that had been mothballed and left derelict by previous owners. 22 new units will be created providing modern industrial, storage and trade counter units ranging in size from 1,000 to 15,000sqft. Ahead of the official opening in a few weeks, three pre-lettings have already been agreed and viewings are now welcomed for the remaining available units, which are being marketed by PPH Commercial, the Hull-based chartered surveyors and commercial property consultants together with MCR Property Group’s internal lettings team. Charles Denby, Asset Manager at MCR, said: “There is a real lack of good-quality industrial units in the Bridlington area and we have invested heavily because we are confident in the scheme we are providing and the region’s economy. “We have worked hard to improve the units which were vacant so that we can bring valuable industrial space back to the market. The refurbishment works are well underway and progressing at a very fast pace which is testament to the approach we take on all our projects as an active investor and landlord.”Secretary of State gives green light to Drax carbon capture plans
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Contentious probate specialist joins LCF Law
Yorkshire law firm, LCF Law has appointed experienced contentious probate solicitor, Kelly Gilbert, as an associate in its Disputes team.
Kelly has spent the past 15 years at Lupton Fawcett and specialises in disputes involving wills, trusts and inheritance provision. She has also successfully completed the Association of Contentious Trusts and Probate Specialists (ACTAPS) course.
In her new role, Kelly, who is based in the firm’s Bradford office, will work alongside LCF Law partner and disputes specialist, Ragan Montgomery, and solicitor Catherine Schofield, as the firm continues to build on its reputation in the intricate area of contentious probate.
Kelly said: “Joining LCF Law is an opportunity to further my career at a firm that is widely recognised as a leading employer in Yorkshire and beyond. Working alongside Ragan and Catherine, who have a formidable reputation in the field of contentious probate, is also an exciting prospect and I’m looking forward to working with them.”
Ragan Montgomery said: “In recent years contentious probate has become a significant area for us. This is partly down to an increase in the number of challenges being made to wills, which is often due to more complex family structures and blended families, as well as an aging population, where mental health and whether people have the capacity to make decisions come into play.
“Kelly’s experience in this field will enable us to enhance our services and expertise to clients throughout the UK. Crucially, Kelly has a solid track record working across all areas of contentious probate, and especially when it comes to inheritance provision claims, where people have been left with very little or even nothing in a will, so she’s a very welcome addition to our team.”
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Former student’s £1.25m kick-starts Dragons’ Den-style ‘enterprise ecosystem’ at Bradford University
A former student from the University of Bradford is putting up £1.25m to launch a Dragons’ Den-style ‘enterprise ecosystem’ at the university to take business ideas from concept to market.