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22 Dec 2009 07:00
22 December 2009
M Winkworth plc
2009 Trading Update
M Winkworth plc ("Winkworth"), the leading franchisor of real estate agencies, is providing the following trading update for the year ending 31 December 2009.
At the time of our admission to the AIM market of the London Stock Exchange on 12 November 2009 the Directors reported that the market for residential sales and lettings was improving and that, being well positioned to benefit from any market upturn, the prospects for growth at Winkworth were encouraging.
In recent weeks we have seen further strength in transactions, especially in Central London, as a result of which Winkworth has continued to trade well. We plan to update the market with more information in the New Year, but remain very comfortable of the overall result for 2009.
We look to 2010 with confidence and continue to seek opportunities for long term growth through organic expansion and acquisition.
For further information please contact:
M Winkworth Plc Tel: 020 8576 5599
Dominic Agace (Chief Executive Officer)
Chris Neoh (Chief Financial Officer)
Milbourne (Public Relations) Tel: 020 7920 2367
Tim Draper
FinnCap Tel: 020 7600 1658
Clive Carver (Corporate Finance)
Stephen Norcross (Corporate Broking)
About Winkworth
Winkworth is a leading franchisor of residential real estate agencies and is listed on the London Stock Exchange.
Established in Mayfair in 1835, Winkworth has a pre-eminent position in the mid to upper segments of the central London residential sales and lettings markets. In total, the company operates from over 80 offices in the UK, France and Portugal, having doubled in size in recent years.
The franchise model allows entrepreneurial real estate professionals to provide the highest standards of service under the banner of a well-respected brand name and to benefit from the support and promotion that Winkworth offers. Franchisees deliver in-depth local knowledge and a highly personalised service to their clients.
For further information please visit: www.winkworthplc.com
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