LSL, the parent company of Reeds Rains and Your Move, has seen its results even out in the first six months after skyrocketing figures last year.

Group underlying operating profit was £14.8 million (H1 2024: £14.4m), and the margin was maintained at 17%. Group operating profit decreased to £11.0m (H1 2024: £13.0m).

And revenue increased by 5% to £89.7m (H1 2024: £85.4m).

The group released its full-year results to the City in March, showing operating profit was up an astonishing 484% to £21.9 million.

Early days

Adam Castleton, Group CEO at LSL, who took over in May, says: “We made positive progress in the first half of 2025, delivering revenue and profit growth, while maintaining operating margin at its highest level for 15 years.

“It is early days in my tenure as CEO, and I am excited about the growth opportunities open to us as a Group. With 2025 on track, we are looking ahead with renewed ambition and confidence about our future.”

Share package

In May, LSL announced a bumper share package for directors and senior executives, with the total pool available based on up to 10% of the growth in the company’s equity value.

LSL transformed its operating model in 2023 by switching all of its branches to franchises. And in November last year, it also launched a new ‘hybrid associate model’ for self-employed agents.

LSL has 62 estate agency franchisees operating in 310 territories, making it one of the biggest providers of franchise services in the UK.