Record revenue for Belvoir with 25 years of profit growth April 4, 2022 Estate agency Belvoir has posted record revenue, hitting 25 years of unbroken profit growth. The firm revealed a 39 per cent increase in profit before tax to £9.3m, sending shares up five per cent on Monday afternoon. Group revenue hit £29.6m, up 37 per cent, versus £21.7m in 2020. Last year was the “busiest year [...]
Stock market winners and losers after Autumn Statement: Estate agents hit after chancellor scraps letting fees November 23, 2016 Estate agents Foxtons, appear to have been the biggest losers from the Autumn Statement on the stock exchange today after chancellor Philip Hammond announced plans to scrap letting agents’ fees. Estate agents: losers Foxtons' share price fell 14 per cent to 105pon the day of the Autumn Statement. The estate agent’s shares were already down [...]
Estate agent Belvoir says Brexit vote and stamp duty “unsettled” the property market September 5, 2016 UK property franchise Belvoir Lettings said this morning the property market had been "unsettled" in the lead up to the Brexit vote. Chairman and chief executive Mike Goddard said demand for property remains strong, but added that tax changes for buy to let landlords, combined with the EU referendum, meant the market's growth in the first [...]
Estate agents Belvoir have revealed plans to buy-up Northwood for up to £22m June 7, 2016 Estate agents Belvoir have revealed plans today to buy-up Northwood for up to £22m. The acquisition is partly being funded by a placing of new ordinary shares in Belvoir at the price of 112p per share, hoping to raise £2.5m. The placing is being done through an accelerated bookbuild process to be launched immediately. Cantor Fitzgerald Europe is [...]
Belvoir share price soars as profits at the property services group jump by a quarter April 4, 2016 Belvoir Lettings, the Aim-listed agency business which runs a network of franchises across the UK, said revenues jumped by 19 per cent to £6.9m over the year, boosted by acquisitions. Shares in the company, which counts ex-City workers and former servicemen among its franchisees, have surged by more than 13 per cent after posting a 25 per cent jump in profits to £2.2m, [...]
MartinCo bucks General Election uncertainty with 50 per cent surge in half-year profits September 10, 2015 SHARES in MartinCo rallied yesterday after the residential lettings and estate agency posted a 48 per cent jump in half-year sales, boosted by its acquisition of Xperience. The Aim-listed firm, which manages 44,000 properties across 284 offices, has been focused on growing its estate agency business after previously being focussed on lettings. In 2013, MartinCo [...]
Best of the Brokers for 18 June 2015 June 17, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BELVOIR LETTINGS Cantor Fitzgerald reiterated its “buy” rating for the estate agent, after the firm won gold for franchise letting of the year at the 2015 Letting Agency of the Year Awards. The broker said awards such as this from an independent judging [...]
Belvoir to hit full year target February 3, 2015 UK LETTINGS agency Belvoir said it was on track to meet full-year expectations after strong growth from its network of franchises. The group, on Aim since 2012, said trading in the second half of the year was in line with expectations. It put growth down to the rise in the number of franchisees under its management [...]
Bellway raises forecast for new homes as property market grows March 26, 2014 HOUSEBUILDER Bellway yesterday raised its forecasts and said it now expects to deliver 20 per cent more homes this year thanks to returning confidence in the housing market and a surge in customer demand. Pre-tax profits jumped 73 per cent to £103.8m in the six months to 31 January, beating analyst forecasts, while earnings per [...]
Expansion boosts Belvoir sales September 5, 2013 Belvoir Lettings, the estate agency that floated on Aim last year, posted a 35 per cent rise in half-year revenues yesterday to £2.5m after making a string of acquisitions and bolstering its presence in London and the south east. Belvoir runs 142 franchised offices across the UK and aims to grow to 200 by 2016. [...]