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.

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