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Belvoir Lettings perfectly positioned for continued growth

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.

Quick facts: Belvoir Group PLC

Price: 120.9 GBX

AIM:BLV
Market: AIM
Market Cap: £41.58 m
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Belvoir Lettings says trading is going "pretty well"

Dorian Gonsalves, CEO of Belvoir Lettings PLC (LON:BLV) tells Proactive that trading has been in line with expectations and the “the year has gone pretty well so far”. He said the company has been working hard with its franchisees to help them mitigate the impact of the loss of tenant...

on 30/5/18

2 min read