Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBLV.L Share News (BLV)

  • There is currently no data for BLV

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Belvoir Lettings Makes Progress On New Franchisee Recruitment

Mon, 07th Dec 2015 09:44

LONDON (Alliance News) - Belvoir Lettings PLC on Monday said progress has been made over the course of 2015 in recruiting new franchisees, with the total number on its books set to rise 31% for the year.

Belvoir said it will have 213 offices across the UK, including all franchisees, up from 162 at the end of December 2014. This was partly driven by the acquisitions of Newton Fallowell and Goodchilds, which added 45 outlets between them.

Stripping out those acquisitions, the group had added only one new Belvoir franchisee in the first half of 2015, due to an anticipated slowdown in the lead-up to the UK's General Election in May. For the second half, in line with its expectations, conditions strengthened, and it added another six.

Shares in Belvoir were up 2.4% to 118.80 pence on Monday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
24 Nov 2016 08:22

Belvoir Says Letting Fee Ban To Hit Gross Profit By "Less Than 8%"

Read more
19 Jul 2016 08:33

Belvoir Lettings Part-Funds New Acquisitions By Franchisees

Read more
7 Jun 2016 11:46

DIRECTOR DEALINGS: Belvoir Lettings Directors Take Part In Placing

Read more
7 Jun 2016 08:41

UPDATE: Belvoir Lettings Raises Funds For GBP22 Million Deal (ALLISS)

Read more
7 Jun 2016 07:01

Belvoir Lettings Raising Funds For GBP22 Million Northwood Deal (ALLISS)

Read more
19 May 2016 15:03

AGM, EGM Calendar - Week Ahead

Read more
11 May 2016 09:00

Belvoir Lettings Issues Shares To Newton Fallowell Vendors (ALLISS)

Read more
4 Apr 2016 16:47

Belvoir Lettings beats forecasts as new franchise strategy begins

(ShareCast News) - Full year results from Belvoir Lettings beat expectations after a "pivotal" and transformational year in which it moved to a new multi-brand franchising strategy. During the year the company completed acquisition of the Newton Fallowell and Goodchilds franchised networks to add th

Read more
4 Apr 2016 06:46

Belvoir Lettings Reports Higher Profit On Multi-Brand Strategy

Read more
10 Mar 2016 10:11

Belvoir Lettings appoints Mark Newton as director

(ShareCast News) - Belvoir Lettings has appointed Mark Newton as a director. Confirming the move in a statement on Thursday, the AIM-listed lettings firm said Newton's appointment takes immediate effect. He was formerly group chief executive of Newton Fallowell, a franchised lettings network across

Read more
1 Feb 2016 08:20

Belvoir Lettings Growth Driven By Multi-Brand Strategy

Read more
18 Nov 2015 08:35

Belvoir Lettings' Brighton, Southampton Franchises Make Acquisitions

Read more
6 Oct 2015 10:38

DIRECTOR DEALINGS: Belvoir Lettings Chairman Buys 40,000 Shares

Read more
5 Oct 2015 09:53

Belvoir Lettings to acquire Goodchilds

(ShareCast News) - Belvoir Lettings will acquire West Midlands-based sales and letting business Goodchilds Estate Agents for £3.26m. The UK-based lettings franchise announced the deal on Monday, which is being partly funded by a conditional placing. The company plans to raise a total of £3.6m for t

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.