Another year of strong growth for Belvoir Group

April 10, 2018

Belvoir Lettings plc, the UK’s largest property franchise group, today announced its preliminary results for the year ended 31 December 2017.

Group revenue up 14% to £11.3m (2016: £9.9m) –  Profit before tax up 62% to £3.9m (2016: £2.4m) and adjusted profit before tax up 39% to £4.9m (2016: £3.5m).

Dorian Gonsalves, Chief Executive Officer of Belvoir Lettings, commented:

“We are pleased to report another year of strong growth for the Group, in terms of both revenues and profitability.  Our franchisees, who are mostly owner-operators, have continued to grow organically, through diversification and by making local portfolio acquisitions, all of which have contributed to our adjusted profit in 2017 being up 39%.  Our franchisees are incredibly motivated to find ways to grow and develop their business and this dynamism, combined with local property expertise, underpins our continued successful growth. 

Looking to 2018, the Board remains confident that the Belvoir Group will benefit from further consolidation within the sector, further integration of our recent acquisitions to deliver additional efficiencies and diversification of property-related services offered through our franchised networks, to ensure a continued increase in shareholder value.”

Read the Belvoir Lettings PLC announcement 10th April 2018 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

Breaking News

Rental demand drops to six-year low

Rental demand drops to six-year low as supply improves and rental growth slows to 2.2 per cent reports Zoopla   Demand for rented homes has fallen by a fifth over the last year and is the lowest for six years. There are 15% more homes for rent than last year, boosting choice for renters UK…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

Christmas move-in rush drives short-term rental spikes

Christmas move-in rush drives short-term rental spikes, while year-on-year affordability remains largely unchanged Year-on-year trends remain relatively stable, with most regions showing small changes in rent levels and required salaries. Short-term rental volatility is now the dominant driver of affordability shifts, with North East, Wales, South West, Yorkshire & Humberside, and parts of the Midlands…
Read More →
Breaking News

Dwelly reveals the strongest rental market for current returns

The latest research from Dwelly has highlighted which pockets of the British rental market are currently providing landlords with the greatest returns, helping them combat the incoming tax hikes announced in last week’s Autumn Budget. Dwelly analysed the latest Government house price data alongside the most recent rental market figures from the ONS to identify…
Read More →
Estate Agent Talk

How to find out when a property was built and why it’s important to know

A leading provider of niche and specialist insurance to the home insurance market, Stanhope, has provided a step-by-step guide to finding out when a property was built and explained why it is so important for the homeowner to know its age. Matthew Ashton a Director of Stanhope said: “Knowing the property’s age is crucial for…
Read More →
Breaking News

Five real estate opportunities to watch in 2026

By Daniel Austin, CEO and co-founder at ASK Partners The 2025 Autumn Budget offered limited stimulus for the housing market and, persistent headwinds such as sticky inflation, higher for longer interest rates, elevated construction costs, and slow planning processes continue to impact development viability. But there are still reasons for cautious optimism. The UK economy…
Read More →
Breaking News

Autumn Budget 2025: What It Means for Buyers, Renters and Landlords

Budget headlines for the property sector: Landlords and property investors are the most directly affected, with slightly higher tax on rental income and frozen tax thresholds. Very high‑value homeowners (£2m+) face a new recurring annual charge from 2028. Renters don’t see direct tax changes, but may end up paying more in rent due to increased…
Read More →