Gateley posts record revenue, CEO plans step down

5 sourcesUpdated Jul 21, 20261 min read

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Gateley posts record revenue, CEO plans step down — © IJR

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Gateley reported record revenue of £194.3m for the year to 30 April 2026, up 8.2% with organic growth of 6.2%, marking the eleventh consecutive year of revenue growth. Statutory operating profit nearly doubled and pre-tax profit rose 20.4%, though higher working capital and debt led to a 44.2% cut in total dividend per share as the group reset its distribution policy. The company announced a final dividend of 2.0p per share for FY26, with total payout 5.3p per share for the year and aiming for about 45% of adjusted profits, to provide flexibility for growth and shareholder returns. Gateley completed the integration of Groom Wilkes & Wright ahead of schedule and expanded investments in Austen Hays and its Dubai office, while adding 13 senior hires and reducing fee-earner numbers. CEO Rod Waldie will step down on 1 August 2026 for personal health reasons; Martin Pike will become interim CEO during the transition as the board searches for a permanent successor. The group targets an adjusted operating margin of at least 13.5% in FY27 through tighter pricing and cost control, with management noting trading is in line with expectations.

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