2016 is another good year for Belvoir

April 4, 2017

Belvoir Lettings plc, the UK’s largest property franchise, today announced preliminary results for the year ended 31 December 2016. it reported revenue increased by 43 per cent to £9.9m, up from £6.9m in 2015.

Mike Goddard, Chief Executive Officer of Belvoir Lettings, commenting on the results, said: “2016 was another good year for Belvoir as we continued to deliver on our promise to leverage our expertise as a property franchisor through our multi-brand strategy with the acquisition of Northwood.  In addition, and against a background of uncertainty within the sector due to Brexit and regulatory changes in the buy-to-let market, we have seen further growth in our networks from organic growth, local franchisee-led portfolio acquisitions and new franchise owners.  These have all contributed to broadening the base from which the Group can continue to develop and grow underpinned by highly professional franchisees and sound business ethics. 

“In 2017 the Board will be looking to take advantage of the opportunities anticipated from uncertainty caused by the proposed changes to tenant fees, further consolidating our recent acquisitions to extract additional efficiencies and leveraging our large managed property portfolio to further increase shareholder value.”

Read the preliminary results announcement for the year ended 31 December 2016 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Planning disputes on new build land
Breaking News

London land commands £105,213 per acre

The latest research from LandSale, the new property portal dedicated to land and rural property, has found that land in London commands an estimated average value of £105,213 per acre, almost eight times higher than the British average of £13,281 and higher than every other British region. This premium is being driven by a severe lack…
Read More →
Breaking News

77% of homebuyers seek homes requiring no work

The latest research from Yopa has found that 77% of homebuyers who have purchased within the last year were looking for a property requiring little or no work, highlighting the importance of presenting a market-ready home in current conditions where buyers are harder to come by than they were a year ago. Yopa commissioned a…
Read More →
Estate Agent Talk

Riskiest Places to Purchase Property in England

Cash House Buyer Sell House Fast has revealed the riskiest places to buy and sell property in England, based on factors such as crime rates, flood risk, air pollution levels, road collision rates, and coastal erosion risk. The 5 riskiest places for buying and selling property in England: 1 – North East Lincolnshire (Overall Risk…
Read More →
Breaking News

House prices steady in May despite broader market uncertainty

The latest Halifax House Price Index for May 2026 shows that: House prices fell by -0.1% between April 2026 and May 2026. This marks the second consecutive month of marginal monthly decline. Annual house price growth increased slightly to 0.5% in May 2026, up from 0.4% in April 2026. The average UK house price now…
Read More →
Breaking News

Halifax House Price Index – May 2026

House prices steady in May despite broader market uncertainty. House prices edged down -0.1% in May, following a similar -0.1% fall in April Average property price now £298,806, compared with £299,251 in April Annual growth up slightly to +0.5%, from +0.4% in April Northern Ireland continues to record the UK’s strongest annual growth at +7.8%…
Read More →
Breaking News

More mortgage borrowers turning to shorter-term fixes

Borrowers are increasingly turning to shorter-term fixed-rate mortgages in response to higher rates, new analysis of mortgage search activity on Moneyfactscompare.co.uk has found. The share of Moneyfactscompare.co.uk website users comparing two-year fixed-rate mortgages increased from 48.4% in February to 55.6% in May, while demand for five-year fixed deals fell from 27.7% to 21.8% over the…
Read More →