Revenue growth maintained in both the Estate Agency and Surveying Divisions for LSL.

March 10, 2017

LSL Property Services plc, a leading provider of residential property services incorporating both estate agency and surveying businesses, earlier this week announced preliminary results for the year ended 31st December 2016.

The group saw operating profit growth of 58% at £65.4m compared with £41.4m  for 2015.

In the announcement they stated: Continued momentum in the Estate Agency Division with 3% overall revenue growth and Lettings income growth of 9%, delivered through organic growth and selective acquisitions.

Commenting on the announcement, Simon Embley, Chairman, said: “Following a strong first half performance, the Group delivered a resilient second half performance given the changing market conditions. I am pleased that we maintained revenue growth in both the Estate Agency and Surveying Divisions.

“The Group reacted decisively to the changing market conditions in the second half by taking selective cost measures and strengthening the balance sheet. The Group has relatively low levels of gearing and is very cash generative at an operational level. The business is well positioned to capitalise on market conditions to increase shareholder value.”

Read the announcement preliminary results for the year ended 31st 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.

You May Also Enjoy

Rightmove logo
Breaking News

February is the best time to get your home sold

February is the best month to sell a home, based on the likelihood that a seller will be able to successfully find a buyer, new research from Rightmove reveals In a tightly contested piece of analysis based on millions of homes sold over ten years, February came out on top as the best month to…
Read More →
Breaking News

Over 1.2m homes sold across the UK

The latest analysis of Government transaction data by GetAgent.co.uk has revealed that, despite widespread perceptions that 2025 was a difficult year for the property market, more than 1.2m homes sold across the UK, marking a 9.3% increase on the previous year. GetAgent analysed Government data on UK property transactions to estimate how many homes sold…
Read More →
Breaking News

Planning reform alone will not fix the UK’s housing crisis

Propertymark has published a new position paper, Meeting UK house demand, moving beyond the planning system, warning that focusing solely on reforming the planning system will not deliver the number of homes the UK urgently needs. While planning reform is frequently cited as the primary solution to the housing shortage, Propertymark’s analysis shows that changes…
Read More →
Breaking News

One in three mortgage hunting FTBs has at least 25% deposit

While higher loan-to-value (LTV) mortgages dominate first-time buyer demand a significant minority are seeking higher deposit deals, fresh data from Moneyfactscompare.co.uk can reveal. Of those looking for fixed term deals on moneyfactscompare.co.uk: Almost one in three (30%) first-time buyers are opting for 90% LTV mortgages, and a further 12% are looking at 95% LTV options. This…
Read More →
Breaking News

Breaking Property News 3/2/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Premium estate agency unveils ambitious plans to accelerate international expansion Fine & Country, the premium estate agency brand renowned for its distinctive marketing and high-end property expertise, has announced plans to significantly expand its international footprint as part of its long-term growth strategy. Over the past…
Read More →
how to present your property for sale
Breaking News

Nationwide House Price Index for January 2026 – Industry Reaction

Nationwide House Price Index for January 2026. The latest index shows that: House prices increased by 0.3% between December 2025 and January 2026. This reversed the -0.4% monthly decline seen between November and December of last year. Annual growth sat at 1% in January 2026, with this annual rate of growth increasing from 0.6% in…
Read More →