Countrywide has made what it calls “a significant investment” in The Buy to Let Business, a Camberley-based company which has been listed as one of the 50 fastest-growing businesses in the UK based on turnover growth.
The Buy to Let Business currently employs 65 people and registered turnover of £5m in 2015/16. It has achieved average turnover growth of 86 per cent in each of the last three years. The business was established in 2006.
“Our investment in The Buy to Let Business represents a great strategic and cultural fit and will also enable our private rental and financial service businesses to create a market-leading proposition for landlords. It is also a clear statement of our belief in the sectors’ importance and longevity” says Peter Curran, managing director of Countrywide Financial Services.
Under the group’s chief executive Alison Platt, Countrywide has made it clear that it sees lettings as a major growth sector, at least partly to diversify the company and avoid undue reliance on what is seen as a more volatile residential sales sector.
Platt has also emphasised that lettings company acquisitions will be a major part of the Countrywide strategy in the next four years.