Revenue and Profit Increase
Group revenue increased by 5% to GBP 89.7 million, with underlying operating profit up 3% to GBP 14.8 million.
High Return on Capital Employed
Return on capital employed for the last 12 months increased to 31%, significantly higher than historical levels.
Strong Cash Conversion
Cash conversion for the last 12 months was 95%, at the upper end of the target range of 75% to 100%.
Surveying & Valuation Growth
Revenue grew 9% to GBP 53.2 million, with B2C revenue up 43%. Surveyor productivity increased by 8%.
Financial Services Growth
New mortgage lending was up 23%. Revenue per adviser increased by 8%.
Estate Agency Expansion
The lettings portfolio increased with 3 acquisitions and 3 new branches added to the franchise network.