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Belvoir Group PLC

Belvoir Lettings' Dorian Gonsalves reports on one of its best years since listing

Dorian Gonsalves, chief executive of Belvoir Lettings PLC (LON:BLV), tells Proactive London's Andrew Scott a ban on tenant fees from June will have less of an impact than first thought.

Originally, Belvoir, which runs the UK’s second largest letting network, forecast the ban would knock 8% from gross profits – now it’s estimating that’ll drop to 3% after nine months as a shift into financial services and mortgage advice has diversified revenues.

Meanwhile an increased contribution from financial services helped revenues in 2018 rise by 21% to £13.7mln.

Quick facts: Belvoir Group PLC

Price: £1.13

Market: AIM
Market Cap: £39.31 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