The multi-disciplinary LSL Property Services has given notice that there will be more lettings book acquisitions in the future.

In an upbeat set of results to shareholders, looking at 2025’s performance, it says: “In Estate Agency Franchising, we= completed the acquisitions of NSS and three further lettings books and have developed a healthy pipeline of lettings book acquisitions and other opportunities to increase our footprint.”

LSL – parent company of Reeds Rains and Your Move – reports group underlying operating profit increased to £32.6m, with a record underlying operating margin of 18%.

The group, which describes itself as “the leading B2B platform for UK residential property services” reports group revenue increasing 6% to £182.9m, almost £10 ahead of the previous year. 

The company said it expects to deliver further profit growth in 2026.

Group chief executive Adam Castleton tells shareholders: “The macroeconomic and geopolitical environment remains uncertain, with renewed concerns around inflation and interest rate expectations contributing to near-term uncertainty.

“We have not seen any adverse impact on trading across the Group in recent weeks, with front-end metrics remaining stable.

“2025 has been a year of strong delivery and building momentum for LSL. We improved profitability across each division, achieved record margins and generated strong cash, while continuing to invest for future growth.

“We improved profitability across each division, achieved record margins and generated strong cash, while continuing to invest for future growth.

“Markets are evolving, and so are we. 2025 has been a year of significant activity for the Group. 

“We are focused on disciplined execution and converting the scale and capability of the Group into sustained profit growth and continued high returns on capital. 

“Trading in 2026 has been in line with our expectations.”