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Belvoir Lettings perfectly positioned for continued growth

Published: 23:02 08 Sep 2017 AEST

Dorian Gonsalves, chief executive of Belvoir Lettings PLC (LON:BLV), talks Proactive through the group's operations and growth strategy.

''We've adopted an aggressive strategy of buying up smaller agents, integrating them into our franchised offices, of which we now have 300 and that strategy's working really well for us''.

A restructuring, focus on franchising and full six months from Northwood (acquired just over a year ago) helped profits jump to £1.73mln (£1.07mln) on revenues of £4.92mln (£4.29mln) in the half year to June.

Management services fees (MSF), the bulk of revenue, rose 47% to £3.8mln, with 57,000 properties now on the books.

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