Marsh and Parsons
-
Latest property news
Leading estate agency CEO puts positive spin on industry’s woes
Marsh & Parsons' CEO Patrick Littlemore tweets out an amusing fake ad to urge its customers to 'stay home and stay safe'.
Read More » -
Latest property news
LSL London estate agency Marsh & Parsons opens ANOTHER branch
LSL’s upmarket London estate agency March & Parsons (M&P) is about to open yet another branch, The Negotiator can reveal, as the parent company completes its huge closure programme outside the capital. Hoardings have just gone up on M&P’s new high street site in the SW London suburb of Streatham, one of the capital’s fast-gentrifying enclaves, supported by a ‘zero commission’ opening gambit that will run until June. M&P is offering to sell or rent properties in Streatham ‘for free’ to help gain local awareness of its latest opening, a strategy it is also employing at its other new branch in Willesden Green. The company has been offering a sales and lettings service in Streatham via its Tooting branch for several years, but now feels confident enough to open on the high street, which at 1.8 miles is the longest in the UK and one of South London’s most cut-throat property markets. Food for thought The new M&P branch, which replaces an Asian supermarket, is next to a long-established KFH branch and a short walk from the offices of Winkworth, Foxtons, Jacksons, Andrews and Townends, although nearly 20 agents of all sizes operate in the area. M&P’s new team in…
Read More » -
Latest property news
Marsh & Parsons adds new role and branch as LSL cuts elsewhere
Estate agency giant LSL may be busy cutting roles and branches in one part of the business, but within its upmarket London brand Marsh & Parsons, it’s a different story. The 30-branch estate agency has promoted one of its associates, Callum Hodgson, to the new role of Areas Sales Director for North West London. Callum will look after his home branch of Queens Park as well as those in Tufnell Park, Little Venice and its new branch in Willesden Green opened late last week. Marsh & Parsons was untouched by the recent restructure of LSL’s other key estate agency brands Your Move and Reeds Rains and instead would appear to be busy expanding, not retrenching. Announced last month, the restructure of Your Move and Reeds Rains is already well under way and will eventually see 43 branch closures while 39 have already been transferred to an existing franchisee. “All of the training and development I’ve had at Marsh & Parsons over the last few years has undoubtedly helped me achieve my career goals, and I look forward managing a larger portfolio of people, clients and offices,” says Callum. The company’s sales director Alex Lyle, says Callum is “a driven and…
Read More » -
Latest property news
LSL reports brisk trading despite Brexit depressing sales by 9%
Read how profits and turnover have increased at the UK's 2nd largest high street operators despite the political uncertainty created by Brexit.
Read More » -
Latest property news
Profits jump by 61% at LSL Property Services
Profits at corporate giant LSL Property Services jumped by 61% during the first six months of the year to £14.3m from £8.9M, the company has reported. Unlike many of its PLC rivals including Countrywide and Foxtons, the company maintained turnover at last year’s levels bringing in £151.5m, helped by its lettings business, which increased turnover by 4%. This was boosted by its London prime agency brand Marsh & Parsons which grew its lettings revenue by 8%, although this was offset to by a drop in sales of 4%. But although sales revenues were flat overall, profits within its sales division increased by 37% helped largely by lower marketing costs at Your Move and the sale of a Marsh & Parsons-owned property. The struggling property sales landscape was offset by LSL’s financial services division which grew by 16%, helped by the acquisition of mortgage firm Group First last year. The detail of the report also reveal the changing shape of the estate agency business as the sales market slows down across the UK. LSL’s sales performance is better than most give the uncertainty over Brexit, but LSL is now as much a mortgage broker as it is a sales or letting…
Read More » -
Latest property news
LSL sells ZPG shares for £32.9 million to prop up its 2016 results
The UK’s second largest corporate LSL Property Services sold all its ZPG shares last year for £32.9 million to “protect its balance sheet” during a difficult 2016 that saw profits and margins tumble. LSL is the parent company of 12 estate agency brands including YourMove, Reeds Rains and Marsh Parsons. It also employs 4,990 people in the UK across its three key areas, surveying, estate agency and mortgages. The group’s profits during 2016 dropped by 19% on revenue that edged up from £300.6 to £307.8 million. But its balance sheet looks better following the sales of its entire stock of Zoopla shares. Operating margin also decreased, from 14.3% to 11.3%. “After a strong overall first half performance in the Estate Agency Division we reacted decisively to the changing market conditions in the second half of the year with selective cost reduction measures,” says Chairman Simon Embley (pictured, left). “[This included] branch closures and [we] protected the balance sheet by disposing of the Group’s shareholding in Zoopla and pausing acquisition activity.” LSL strategy revealed LSL also revealed its plans for next year and beyond within the preliminary announcement including several of its key strategies. Ian Crabb, the Group Chief Executive (pictured, right)…
Read More » -
Features
My time at the top
Peter Rollings famously helped steer Foxtons and more recently Marsh & Parsons to phenomenal success. Nigel Lewis meets him as he looks back on his career.
Read More »
