Belvoir lettings trading update announces total group revenue up 19%

May 25, 2017

Belvoir Lettings PLC, one of the UK’s largest property franchises, issues a trading update ahead of the Group’s General Meeting today.

Trading during the first quarter of the current financial year has been in line with the Board’s expectations.  Group revenue was up 19% on the prior year, mainly reflecting the acquisition of Northwood in June 2016.

Mike Goddard, Chairman and CEO, commented:

“The Group has seen a healthy start to 2017 with our underlying growth in MSF at 5% and our total group revenue up 19%. The Board has been working closely with franchisees providing the support they need to develop additional revenue streams and to take advantage of the growth opportunities that will arise from anticipated changes in the sector.”

Read Belvoir Lettings Plc AGM trading update 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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