Belvoir Group beats forecasts as buoyant house sales drive revenues higher
House sales income rose by 12% and financial services by 13%
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 reports 26% rise in financial services profits as advisers top 200
Belvoir has seen a profits uplift of 100% from its two acquired financial services businesses
Belvoir Group ahead of pre-coronavirus forecasts as housing market roars back
All staff will have salary sacrifices reimbursed, furlough money will be repaid and the missed 2019 dividend reinstated
Belvoir Group successfully completes 100th transaction under its Assisted Acquisitions programme for franchisees
Franchisees across all of the group's networks have embraced the strategy, seeing the acquisition of a local business as a means of significant growth with many of them doubling the size of their business overnight
Belvoir says former chairman sell 2mln shares to institutional investors at 150p each
Following the share sale, Mike Goddard will be left with 203,683 Belvoir ordinary shares, representing 0.6% of Belvoir's issued share capital
Belvoir Group confident of meeting expectations as post-lockdown activities hit record levels
The group's lettings business scarcely missed a beat during the first half of 2020 with network lettings revenue comparable with 2019, despite the impact of the coronavirus
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Belvoir Group to hit pre-coronavirus targets as property market activity surges back
Since mid-May, the group said there has also been a surge of activity due to pent-up demand
Belvoir higher as it enters estate agent alliance with Nottingham Building Society
Under the agreement, Belvoir said the vast majority of the building society's estate agency and lettings activity will transfer over to the company
Belvoir pleasantly surprised by the resilience of its franchise networks
The overall April performance for the group was significantly stronger than had been anticipated.
Belvoir Group confident it can weather housing market coronavirus shutdown
A range of possible downside outcomes for the rest of the calendar year and 2021 have been modelled
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Belvoir shrugs off tenant fee ban as financial services income soars
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Belvoir Group tacks on Humberside network for £2mln
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Belvoir gets profit benefit as financial adviser numbers grow 30%
A new eight-year agreement with Dacres, a 20-office estate agency in Yorkshire, could see Belvoir increase its current four advisers in the area to 10 over the next two years
Belvoir Group's founder to trim stake
Founder and former chairman Mike Goddard currently owns 12.6% of the total in issue
Belvoir profits jump as it outperforms across key markets in first half
Revenues in the period were boosted by a significant increase in takings from the group's financial services arm following several mortgage broker acquisitions
Belvoir “at an advantage” in changing property market, says finnCap
The broker initiated coverage of the lettings group on Wednesday with a target price of 190p, a 79% premium on the current value of the stock
Belvoir franchise model proves resilience as property profits 'comfortably ahead'
“We have seen positive results both from our property franchise and our financial services networks, and are confident that the group is well positioned to take advantage of the opportunities arising from a more challenging market”