Member Info for MartinCo

Just been called to account for potentially taking over £10 million of client money https://propertyindustryeye.com/eye-newsflash-countrywide-lettings-to-face-disciplinary-hearing-over-client-funds/

https://www.lettingagenttoday.co.uk/breaking-news/2017/2/tax-changes-not-hitting-buy-to-let-significantly-says-agency-chief

Announced today that Michael Stoop is retiring although he'll remain as a consultant for a further 12 months.

http://www.propertyindustryeye.com/martin-co-planning-to-triple-in-size-over-next-few-years/

Martin & Co has reported a 24% rise in revenue for last year, from £4.1m to £5.1m. Of that, £0.3m of income was attributable to Xperience, which Martin & Co bought from Legal & General in October, increasing its network from 194 to 282 offices and adding 44 more franchise areas. In an update for the year ended December 31, 2014, Martin & Co also said that the number of managed properties increased from 30,623 to 32,201.

As both a shareholder and operator of 2 x Martin & Co franchises, I am concerned that the integration of the new brands into the plc is not progressing at all smoothly. Whilst I suspect and hope that there may be selling opportunities ahead (so I can hope to offload my stocks for a small profit) I have concerns about the long-term growth potential.