Finance

Belvoir posts strong profit growth for 2017

2018-04-10T06:56:00

Dorian gonsalves

Belvoir Lettings, the UK’s largest property franchise group, has revealed a 62% leap in annual pre-tax profit for 2017.

Profit hit £3.9m for the 12 months to 31 December, compared to £2.4m in 2016, off the back of a 14% rise in revenue to £11.3m.

Management Service Fees rose 23% to £7.9m, and the group retained its strong lettings bias with a ratio of lettings to sales revenue of 80:20.

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