Gateley Plc has become the latest business to join the Association of Short Term Lenders (ASTL) as an associate member.
The membership now stands at 38 members and 31 associate members.
Gateley Plc, the legal business of law-led professional services group Gateley, offers a range of services from banking and financial services, dispute resolution, regulatory and restructuring, to corporate, commercial, real estate, pensions, tax and private wealth, among others.
Following recent acquisitions, the company has seen continued growth and earlier this year reported a 15.7% increase in revenue and 18.8% rise in pre-tax profits.
This news comes just weeks after the ASTL announced the appointment of its new executive committee and revealed that the annual value of bridging loans written by its members exceeded £3bn.
Rob Payne, partner in the financial disputes and regulation team at Gately Plc, said: “Short term lending has a vital role to play in the dynamic credit markets, and with many existing clients and contacts in both the membership and associate membership, we are delighted to have joined the ASTL.
“We are able offer a full suite of specialist partner led support covering documentation, regulatory compliance, loan originations, restructuring and recoveries. As a forward thinking Plc business we are constantly evolving and we look forward to playing a full part in promoting the interests of the ASTL members and the wider finance industry going forward.”
Benson Hersch, CEO of the ASTL, added: “I heard only good things about Gateley Plc from our members. I understand that the firm has experienced another year of expansion as a result of its client relationships, its service offering and its team of professionals. Its specialist expertise in the industry should certainly add value to the ASTL’s growing and diversifying membership. Gateley Plc joins a host of associate members which includes surveyors and insolvency experts who can all help the association’s lender members with specialist areas of the short-term lending market.”