Belvoir Lettings PLC announce increase in Group Revenue
Belvoir Lettings PLC the UK’s largest property franchise, today announced their interim results for the six months ended 30 June 2018 in which they reveal
19% increase in Group revenue to £6,123,000 (H1 2017: £5,155,000).
Dorian Gonsalves, Chief Executive Officer of Belvoir Lettings, commenting on the results, said:
“I am delighted to report another half year of further strategic progress for the Group, which continues to outperform both the sales and lettings markets which together, with the addition of financial services, has helped to deliver a strong set of first half results.
“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. 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.
“Franchising lies at the heart of our Group and the Board continues to look for opportunities to build on its franchising expertise.
“I am pleased to further report that, despite the tough market conditions, Belvoir has achieved a promising start to the second half, and as such the Company is on track to meet management expectations for the year.”
Read the announcement Belvoir Lettings Plc 11th September 2018 in full click here.