winkworth

  • Latest property news
    Latest property news

    Winkworth returns to franchise expansion in 2017 with six new branches

    Winkworth is back on the franchise network expansion path after a two-year hiatus, the company has revealed with at least six opening this year. This includes one already open for business, two to start up over the next fortnight and a further three to open later in the year including several in South West London. These openings include an existing franchisee from Sway in Hampshire who is preparing to set up shop in Milford-on-Sea, while an existing 22-year-old business in Kingsbury, North London is converting to Winkworth, and due to open next week as well. Also, the company says it youngest franchisee – at 27-year-old – is about to open up shop in Cheltenham after spending several years working at its Dulwich, South London branch. He is Tom Mayfield (pictured, left), who before joining Winkworth worked for Carter Jonas. “We have been concentrating on portfolio management as franchisees retire, and we’ve been dealing with that by selling both within the network, but also outside it,” says business affairs manager Gina Piper. Franchise manager “But now we’ve also hired a new franchise manager, James Campbell (pictured, right), who has a strong lettings background.” Gina says Winkworth has seen increasing share of its revenues…

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  • Movers & ShakersAndrew Nicol image
    Movers & Shakers

    Winkworth’s new CFO

    Winkworth has announced the appointment of Andrew Nicol as Chief Financial Officer and member of the Board.

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  • Agencies & PeopleStock Market image
    Agencies & People

    Stock options

    Buy, sell, hold? Overperforming, underperforming – what does it mean when Rightmove shares go up, or Barratt falls out of bed?

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  • Latest property newsBelvoir celebrating 20 years image
    Latest property news

    Profits, profits, profits!

    Belvoir Lettings PLC announced its Preliminary Results for the year ended 31 December 2015. Group revenue was up 19% to £6.9m (2014: £5.9m); Growth in Management Service Fees (MSF) was 25% to £4.0m (2014: £3.2m), consisting of 12.5% (2014: 11%) from the organic growth of the Belvoir network and 12.5% from the mid-year network acquisitions and revenue from property sales up 60% to £1.4m (2014: £0.8m) Mike Goddard (left), CEO, said, “2015 was a pivotal year for Belvoir. The Company commenced its strategic vision of a multi-brand operation with the acquisitions of Newton Fallowell and Goodchilds.  As a result of these new networks and seven new Belvoir territories, our UK coverage has increased by 31% to 212 outlets and adjusted profit before tax is up 36% to £2.4m. The Board appreciated the support of our shareholders in funding the mid-year acquisitions and I am confident that the coming year will see the full impact of our successful multi-brand strategy as the new brands become further incorporated into the Group.” Winkworth revenues rose 6.7% to £5.87 million on franchisee turnover of £49.0 million; Profit before taxation down 1% to £1.91 million; Ordinary dividends payable up 10.2% to 6.5p per ordinary share;…

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  • Agencies & People
    Agencies & People

    How well to estate agent franchises perform?

    Andrea Kirkby checks out the financials for property’s leading estate agents franchises.

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  • Agencies & PeopleFranchising opportunities image
    Agencies & People

    Short cuts to success

    Sheila Manchester explores the opportunities presented by franchises and similar business models.

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  • Agencies & Peoplebig wheels turning image
    Agencies & People

    Big wheels keep on turning

    Andrea Kirkby investigates corporate strategy in a difficult market.

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