The Property Franchise Group slowdown after previous stellar results
The group, led by Chief Executive Gareth Samples, saw a modest revenue rise despite transactions down 4%.
The Property Franchise Group (TPFG) reports a slowdown in its first half performance after impressive results last year.
TPFG, which is the parent company of Belvoir and Martin & Co, saw group revenue increase 7% to £43.3million, up from £40.3million during the same period a year ago.
Franchising revenue increased 8% to £24million, up from £22.2million during the first half in 2025.
Overall, housing transaction volumes in the six months to 30th June 2026 were 4% lower than in the first half of 2025.
Profits jump
Last year, the group’s full-year results revealed a profits jump of 39% and revenue up 25%.
Adjusted profit before tax rose to £31million in 2025 – compared to £22.3million in 2024 – , while group revenue increased to £84.3million – compared to £67.3million in 2024.
I’m pleased we have delivered another robust performance.”
Gareth Samples, Chief Executive of TPFG (pictured), says: “I’m pleased we have delivered another robust performance, achieving a record first half despite a more subdued sales market.
“We maintained our managed lettings portfolio at 149,000 properties whilst supporting our network through the implementation of the Renters’ Rights Act, and successfully delivered a number of important initiatives across the Group.
“The additions of SAFS and Meridian, together with the rollout of our first AI-enabled products, further strengthen our platform.
“Whilst the external environment remains uncertain, our diversified income streams and growing recurring revenue base give us confidence in delivering our plans for the full year.”
