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Belvoir Lettings to acquire Goodchilds

Mon, 05th Oct 2015 09:53

(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 the acquisition and to bolster its working capital.An initial consideration of £1.63m will be paid in cash for Goodchilds, with a £0.81m deferred consideration to be funded from the issue of shares.An additional £0.81m in cash will be paid in two instalments over the next 12 months after the acquisition is completed.Belvoir chief executive Mike Goddard said it's an exciting milestone in the company's growth."Following the acquisition of the Newton Fallowell business in July, this acquisition marks further success in pursuing our multi brand strategy in order to increase market share and geographic coverage."Goodchilds is a clear strategic fit and we are looking forward to welcoming their franchise owners to the Group."
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2 Apr 2019 10:55

Acquisitions help to boost growth at Belvoir Lettings

(Sharecast News) - Property franchise group Belvoir Lettings announced a 21% improvement in group revenue in its preliminary results on Tuesday, to £13.7m.

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2 Apr 2019 09:58

Belvoir Lettings Hikes 2018 Payout Amid Profit And Revenue Surge

LONDON (Alliance News) - Belvoir Lettings PLC hiked its 2018 dividend after saying Tuesday that profit and revenue rose in a year of "significant" growth for the letting agent 2018, 41%

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31 Jan 2019 11:52

Belvoir Lettings Expects In Line Annual Profit Amid Revenue Growth

LONDON (Alliance News) - Property franchise Belvoir Lettings PLC said on Thursday it expects to see pretax profit for 2018 to be in line with expectations, amid double digit growth in said it both

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31 Jan 2019 08:58

Belvoir Lettings updates on year of 'continued and encouraging' growth

(Sharecast News) - British property franchiser Belvoir Lettings reported a year of "continued and encouraging growth" on Thursday, with both revenues and profits moving ahead.

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10 Jan 2019 14:50

Belvoir Lettings exceeds Assisted Acquisitions target for 2018

(Sharecast News) - Belvoir Lettings exceeded its 2018 target for 'Assisted Acquisitions' by its franchisees, it announced on Thursday, which it said was a core part of its growth strategy.

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10 Jan 2019 12:05

Belvoir Lettings Beats Assisted Acquisitions Target In 2018

LONDON (Alliance News) - Belvoir Lettings PLC on Thursday said it exceeded its target for assisted acquisitions by franchisees in 2018.Belvoir operates a franchised network of high street a

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27 Nov 2018 13:18

Belvoir Lettings Buys Unit Of Mortgage Advice Bureau For GBP4 Million

LONDON (Alliance News) - Property franchise Belvoir Lettings PLC said on Tuesday it has acquired MAB (Gloucester) Ltd, a subsidiary of AIM-listed Mortgage Advice Bureau (Holdings) PLC for GBP3.6 a

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27 Nov 2018 09:44

Belvoir Lettings acquires Gloucestershire-based mortgage intermediary

(Sharecast News) - Britain's largest property franchise Belvoir Lettings has continued its growth strategy with the acquisition of Mortgage Advice Bureau's Gloucestershire-based subsidiary for £3.6m.

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23 Oct 2018 09:22

OnTheMarket adds Belvoir Lettings to online portal

(Sharecast News) - Online property portal OnTheMarket revealed on Tuesday that it had reached an agreement with Belvoir Lettings to advertise the latter's UK residential sales and lettings properties at OnTheMarket.com.

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11 Sep 2018 09:58

Belvoir Lettings Interim Earnings Rise, Declares Unchanged Dividend

LONDON (Alliance News) - Estate agent franchisor Belvoir Lettings PLC held its dividend Tuesday as profit and revenue both rose as it outperformed its market.For the six months ended June,

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22 May 2018 16:13

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 23 MayBovis Homes GroupSt James's Place Keller GroupGamma Emerging

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26 Mar 2018 15:51

Belvoir Lettings Non-Exec Leeming Leaves, Hires New Non-Executive

LONDON (Alliance News) - Property franchise Belvoir Lettings PLC said Monday that Non-Executive Director Michael Leeming will be leaving the company after five Stoop, who has

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23 Jan 2017 09:09

Belvoir Expects To Offset Letting Fee Ban, Issues Shares At Premium (ALLISS)

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24 Nov 2016 15:58

Infrastructure spending good for housebuilders, contractors, bad for letting agents

(ShareCast News) - Funding outlined in the Autumn Statement could be good for alternative housing providers, contractors, but potentially problematic for mainstream housebuilders, and bad for letting agents, according to broker Stockdale. In the mini-budget on Wednesday, Chancellor Philip Hammond sa

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24 Nov 2016 09:55

Belvoir Lettings says it's too early to predict impact of no fees

(ShareCast News) - AIM-listed Belvoir Lettings said it could not predict the impact from not charging fees to tenants, as outlined in the Autumn Statement. On Wednesday, Chancellor Philip Hammond said there would be a ban on letting fees "as soon as possible", in a bid to help the 'just about managi

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