24 Apr 2017 07:00
For Immediate Release | 24 April 2017 |
BELVOIR LETTINGS PLC
(the "Group" or "Belvoir")
Notice of Annual General Meeting and
Posting of Annual Report and Accounts
Belvoir Lettings PLC (AIM:BLV), one of the UK's largest property franchises, is pleased to announce that its Annual General Meeting will be held at 10.00am on 25 May 2017 at Belvoir Lettings Office, The Old Courthouse, 60a London Road, Grantham, Lincolnshire, NG31 6HR.
Following the announcement of preliminary results for the financial year ended 31 December 2016 on 4 April, the Group announces that the Annual Report and Accounts and notice of Annual General Meeting have now been posted to shareholders. The Annual Report and Accounts is also available to view on Belvoir's website at www.belvoirlettingsplc.com.
For further details:
Belvoir Lettings PLC Mike Goddard, Chairman and CEO Louise George, Chief Financial Officer | 01476 584900 investorrelations@belvoirlettings.com |
Cantor Fitzgerald Europe Rick Thompson, Phil Davies, Michael Reynolds (Corporate Finance) |
0207 894 7000 |
Mark Westcott, David Banks (Sales) | |
Buchanan Charles Ryland, Vicky Hayns, Madeleine Seacombe |
0207 466 5000 |
Note to Editors:
About Belvoir Lettings PLC
Founded in 1995, Belvoir is the UK's largest property franchise group, with 302 outlets nationwide. Since listing on AIM in February 2012 (BLV.L), Belvoir has continued to diversify its core business offer in lettings by broadening into property sales. Operating from its Central Office in Grantham, Lincolnshire, the Group now offers a range of specialist services in property rental, property management, residential lettings, buy to let and property sales.
Belvoir's core revenue is derived from Management Service Fees (MSF); a reliable recurring revenue model which allows the Group to offer franchisees significant support and advice.
In 2015 Belvoir launched its multi-brand franchising strategy; acquiring Newton Fallowell Ltd, an East Midlands-based network of 31 outlets in July 2015 and Goodchilds Estate Agents and Lettings Limited, a West Midlands-based network of 14 outlets in October 2015. In June 2016 Belvoir acquired Northwood, a network of 86 residential lettings and property sales agents operating across the UK, making Belvoir the largest property franchise group in the UK.
Belvoir continues to grow organically by delivering award winning service, prioritising franchisee recruitment and supporting franchisee acquisitions. In recognition, Belvoir was awarded the "Best Lettings Agency Franchise Award" at the 2016 Agency of the Year Awards for the sixth time since the awards started seven years ago.
The Company remains committed to diversifying its brand portfolio, utilising the Group's strong franchising expertise and infrastructure, in order to capitalise on a consolidating market.