Company
Belvoir Group PLC
LON:BLV
Belvoir Group PLC operates a nationwide property franchise group with 487 offices across seven brands specialising in residential lettings, property management, residential sales and property-related financial services. With its central office in Grantham, Lincolnshire, the group manages 75,000 properties and reported record revenues of £33.7m in 2022 marking Belvoir's 26th year of unbroken profit growth.
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Belvoir Group shows resilience in tough property sector
Founded in 1995, the firm currently has over 300 offices managing around 67,000 properties.
Belvoir shares have plenty of upside, suggests broker finnCap
Recurring lettings revenue accounts for around 56% of the group's gross profit
Analysts at finnCap note that Belvoir's interims show continued benefits from its direct and indirect investments
"With the outlook underpinned by strong pipelines in sales and mortgages and the defensive growth nature of lettings we make no changes to our full-year forecasts or target price", the finnCap analysts said
Belvoir expects to hit expectations despite increasing headwinds on households
While the housing market has remained resilient, households are facing challenges such as higher inflation, mortgage rates and rents
Belvoir says performing ‘well’ and in line with expectations
Revenue for the six months to 30 June 2022 grew by 11%
Belvoir says it is business as usual
"Since early 2020, the UK property sector has experienced a number of different market drivers, but for Belvoir it has been 'business as usual'," CEO Dorian Gonsalves will tell shareholders at today's AGM
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Belvoir Group swoops for mortgage advisory group in £3.67mln deal
"The acquisition of TIME will extend our network of financial advisers to support both our franchisees at a local level, as well as servicing leads from independent agents,” said Belvoir chief executive Dorian Gonsalves
Belvoir receives higher price target from finnCap
The company’s strong results were supported by housing transactions but point to long-term value and potential in growing the business
Belvoir Group continues outperformance in record 2021
The company has grown profits for 25 years in a row