Franchise giant Belvoir Lettings has told the City and the firm’s shareholders that revenues and profits have risen in the first half of this year.
Sales for the six months to June 30 were up 19 per cent to £6.1m, while profits before tax soared by 66 per cent to almost £2.9m.
The group now has 61,000 properties under its management, making it the second in the lettings market behind the troubled Countrywide group.
Belvoir says part of its strong performance was down to the acquisition of Brook Financial Services and the franchising out of two corporate offices in 2017.
“The continued extraordinary success of our Assisted Acquisitions programme during the six months under review reflects our considerable investment in a highly skilled in-house acquisitions team focused on enabling our franchisees to take advantage of the growth opportunities that a consolidating market presents” explains Dorian Gonsalves, chief executive.
“In addition, through our investment in Brook, we are seeing the benefits of diversifying into financial services for both our franchisees and for the Group. …I am pleased to further report that, despite the tough market conditions, Belvoir has achieved a promising start to the second half” he adds.
Franchise giant Belvoir has issued a statement to shareholders emphasising the...
Belvoir says that during the six months to the end of...
Celebrating 25 years of unbroken profits growth, Belvoir has revealed a...
Belvoir Group has given yet another upbeat trading report to shareholders. It...
It’s tempting to think that Michael Gove’s proposed clampdown on Airbnb-style...
Councils across England could make an additional £540m a year in...
The vast majority of negligence claims against conveyancers are for relatively...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Let's be honest – landlords are the lifeblood of any letting...
.png)
I think we can all agree that the National Trading Standards...
Houses in Multiple Occupation are making up an increasing percentage of...
A lettings agency has been expelled from The Property Ombudsman scheme...
The government has written to Conservative MPs promising changes to the...
There’s been at most a one per cent reduction in landlords...
Tenant groups and charities reacted angrily over the Easter weekend to...
The government has written to Conservative MPs promising changes to the...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment