TPFG has announced big shareholding incentives for its top executives including CEO Gareth Samples (main picture).

New CFO Ben Dodds and fellow director Michelle Brook, who is executive director of Belvoir, will also benefit if the firm hits its financial targets.

TPFG (The Property Franchise Group) purchased Belvoir in March last year, and the newly-formed group, which is calling itself the UK’s largest multi-brand property franchisor in the UK, has seen its results improve significantly since then.

Targets

Dodds, who was previously CFO at Lotus Car, succeeded David Raggett as CFO in January this year.

Samples can collect 250,000 shares, Dodds 200,000 and Brook 100,000 if the group reaches its financial goals, which at the current share price totals some £2.53 million between them.

The share awards for the three directors will be subject to two performance conditions – total shareholder return (TSR) and adjusted basic earnings per share over the three years to 31 December 2027.

Incentive

There was a similar incentive scheme for directors for three years from 2022, and Samples collected 175,000 shares.

The group’s franchising division now operates across 15 brands, managing a combined 153,000 rental properties and achieving over 30,000 sales during 2024.

TPFG said its focus this year will be on integrating Belvoir and another purchase last year, The Guild and Fine & Country’s parent company, GPEA.

Our success has culminated in yet another record-breaking financial performance.”

Samples said in January: “I am immensely proud of what the Group achieved in 2024, with the delivery of two major acquisitions, now integrated into the Group, as well as strong organic growth.

“Our success has culminated in yet another record-breaking financial performance which has redefined the scale of our business and set us up for ongoing success”.

Probably best known for owning national chain Martin & Co alongside Belvoir, TPFG has also picked up Hunters, Northwood and Ewemove in recent years.

More on TPFG