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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: £1.06

Market: AIM
Market Cap: £37.03 m
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Full interview: Belvoir Group PLC 'in good shape' and encouraged by strong...

Dorian Gonsalves, chief executive of Belvoir Group PLC (LON:BLV), tells Proactive London's Andrew Scott that sales and profits in the first half were both comfortably ahead of the same period last year. Belvoir’s high street lettings and estate agency offices arm drove management service fees...

2 weeks, 5 days ago

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