Belvoir Lettings PLC report H1 revenue up 15%

September 5, 2017

Belvoir Lettings PLC the UK’s largest property franchise, today announced their interim results for the six months ended 30 June 2017.

Heading the Financial Highlights section they report: Group revenue up 15% to £4,921,000 (H1 2016: £4,293,000)

Operational Highlights leads: Seven new franchise owners joining the Group into two new and five existing territories.

Dorian Gonsalves, Chief Executive Officer of Belvoir Lettings, commenting on the results, said:
“The Group has been focused on meeting our franchisees entrepreneurial growth ambitions and putting them in the very best possible position to maximise their market share within their territory.  Our franchisees have embraced the opportunity to develop their business under our Assisted Acquisitions programme, many of them doubling the size of their business overnight, and from offering additional services such as property sales and financial services.  The acquisition of Brook in July will provide further opportunity for growth at both the franchisee and franchisor level.

“In H1 the Group achieved organic growth from MSF, our key revenue stream, of 4% which is higher than the reported rental index within the sector, and continued growth from property sales, in a market that has seen some mixed results from other companies in the sector.

“Our ability to outperform the market has helped to deliver a strong set of first half results, and with a promising start to the second half, Belvoir is on track to meet management expectations for the year.”

Read the Belvoir Lettings PLC announcement 5th September 2017 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

0% mortgages – are they too good to be true?

With the reintroduction of 0% mortgages, are they too good to be true? A property expert weighs in This morning, Melton Building Society announced that they’re now offering 0% mortgages to customers. However, are these too good to be true? The deal is a five-year fix at 5.99 per cent with a £199 application fee,…
Read More →
Estate Agent Talk

Property Auctions: What Buyers and Sellers Need to Know Before Taking the Plunge

As more homes are bought and sold via auction, consumers are being urged to fully understand the process so they can gain maximum benefit, according to Stuart Collar-Brown, President of NAVA Propertymark (National Association of Valuers and Auctioneers). Property auctions continue to grow in popularity, offering buyers speed and transparency and providing sellers with greater…
Read More →
Estate Agent Talk

5 Welfare Hire Providers to Consider for Your Next Housing Project

At a Glance Welfare facilities are essential on UK housing sites to meet compliance requirements and keep teams safe, comfortable, and productive. Choosing the right hire provider depends on unit type, capacity, sustainability features, site access, and service support. Here are 5 providers to shortlist from. Welfare Hire for Housing Projects On-site welfare facilities are…
Read More →
Breaking News

Mortgage market activity forecast to climb

The latest analysis from award-winning mortgage adviser, Alexander Hall, has revealed that mortgage market momentum has been building steadily over the last three years, with average monthly approvals for both house purchases and remortgaging increasing, and further growth forecast across the first half of the year. Alexander Hall analysed historic Bank of England data on…
Read More →
Breaking News

Highest number of homes listed for sale for a decade and falling mortgage rates signal good news for first time buyers

40% of homes are now cheaper to buy than rent – up from 25% a year ago February on track to record the highest number of newly listed homes for sale in a decade as confidence returns to the housing market There are currently 6% more homes for sale than a year ago – this…
Read More →
Breaking News

Property market momentum set to continue

The latest analysis from award-winning mortgage adviser, Alexander Hall, has revealed that mortgage market momentum has been building steadily over the last three years, with average monthly approvals for both house purchases and remortgaging increasing, and further growth forecast across the first half of the year. Alexander Hall analysed historic Bank of England data on…
Read More →