Your Move
-
Latest property news
Two former LSL executives snap up 39 Your Move and Reeds Rains branches
David Newnes and Nigel Favas have set up a new company to operate the offices as franchisees.
Read More » -
Latest property news
Latest Your Move and Reeds Rains branch closures are in North East, reveals LSL
Company says that although half a dozen branches are closing, 11 enlarged 'keystone' branches are to be established.
Read More » -
Latest property news
Your Move and Reeds Rains staff face redundancy as LSL plans 43 branch closures
Parent company blames UK and geo-political uncertainty on its restructure which will include closing, franchising off or merging over 120 branches.
Read More » -
Latest property news
Strong mortgage and surveying divisions help LSL weather sales downturn
Your Move and Reeds Rains parent company LSL has reported buoyant trading for the final six months of 2018, helping the company beat its own forecast for the year. The group, which operates 441 branches across the UK through its three brands including upmarket London agency Marsh & Parsons, has been helped considerably by its financial services and surveying divisions, both of which increased their turnover significantly. Income from financial services leapt by 17% year-on-year, while surveying increased its revenues by 25% over the final six months of the year as its huge contract with Lloyds Bank began. LSL’s estate agency operation was less buoyant – revenue from sales dropped by 9% year-on-year while lettings income increased by just 4%, helped in part by the acquisition of six lettings books last year. Marsh & Parsons Its London brand Marsh & Parsons did well during 2018, although this is a relative quality as the capital’s housing market continues to take a beating. Sales revenues at Marsh & Parsons were down by 13% year-on-year, although lettings increased by 4%. The agency opened a new branch in Chiswick last year. But despite today’s bullish financial update, LSL remains ‘cautious’ about the UK property…
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
Your Move franchise goes quiet after rival buys its letttings book
A young estate agency entrepreneur who set up shop just two years has snapped up the property management contracts of a Your Move rival.
Read More » -
Latest property news
Private landlords shrug off regulatory and tax onslaughts
Only 16% of private landlords in the UK are negative about market conditions despite recent government moves to tax and regulate them harder.
Read More » -
Latest property news
Lettings and financial services help LSL pull through as sales division struggles
LSL's latest results for the first half of 2018 reveal a struggling sales division but better performances by lettings and mortgage divisions.
Read More » -
Movers & Shakers
Valerie Bannister appointed as Your Move Lettings Compliance Director
Your Move has announced that Your Move’s Lettings Director, Valerie Bannister, has taken up a newly created role as Lettings Compliance Director across Your Move and Reeds Rains.
Read More » -
Agencies & People
LSL reveals profits up by 8% and two more digital investments
Estate agency corporate LSL boosted its performance last year with a £5.6 million windfall from the sale of its shares in the Guild of Professional Estate Agents, its preliminary results reveal, lifting underlying profits by 8%. This ‘exception gain’ plus increased revenue from its branch network including a 10% lettings revenue increase at flagship brand Marsh & Parsons, and very strong results from its mortgage business, helped make 2017 a good year for the company. Its performance, which has been achieved during a difficult sales market, has also been delivered despite 2016’s stellar results, which were boosted by a £32.9 million windfall from the sale of ZPG shares. Last year it also spend £20 million spent on its investment in hybrid agency YOPA in September and, after its strategic review, two other interesting investments. This includes an undisclosed sum in Zero Deposit, the Jon Notley-led alternative deposits model, and £65,000 invested in an online mortgage broker called Property Master. “The Group delivered a robust financial performance given the subdued market conditions,” says Chairman Simon Embley (pictured, left). “I am pleased that the business delivered underlying operating profit growth in both the Estate Agency and Surveying Divisions.” LSL is much loved…
Read More »
