Milestones of 2019
-
Brook acquired the financial services arm of Dacre, Son and Hartley and entered into an eight-year exclusive arrangement as their financial services partner
-
Newton Fallowell exchanged contracts to acquire the trade and assets of Lovelle Estate Agents
-
The final stage of Northwood integration saw the Fareham office close reducing the cost base by a further £200,000 pa
Focus for the future
-
The assimilation of Lovelle into the Belvoir Group including franchising the six corporate-owned branches
-
Identify other property-related service companies to bring into the Group
-
Position Belvoir to take advantage of further strategic consolidation within the property franchising sector
Milestones of 2019
-
24 (2018: 26) transactions completed by franchisees under the assisted acquisitions programme
-
Added £6.6m (2018: £6.9m) of acquired franchisee revenue to the network and £580,000 (2018: £643,000) pa in MSF
-
82 (2018: 81) franchisees enrolled on the acquisition research programme
Focus for the future
-
Target to add around £5.0m pa of additional network revenue under the assisted acquisitions programme, dependent on market conditions
-
Strengthen relations with business transfer agents and improve targeting of potential sellers
-
Position our franchisees to take advantage of consolidation within the sector
Milestones of 2019
-
Five new franchise owners joined the Group
-
67 new financial advisers joined the Group
-
Six new franchise offices opened and eight existing offices were resold either to a new or an existing franchise owner
Focus for the future
-
To continue to attract new franchise owners to the Group
-
To open new offices and to facilitate the resale of existing property franchise offices
-
To extend our financial services network of advisers across the UK
Milestones of 2019
-
16% of our lettings-biased Belvoir and Northwood franchisees reported over £50,000 of sales revenue in 2019
-
Our sales-biased Newton Fallowell franchisees added five lettings portfolios by means of an assisted acquisition
-
95 offices are now offering financial services through a Brook financial adviser
Focus for the future
-
To build a nationwide network of financial advisers within five years
-
To encourage collaboration between property franchises and financial advisers to maximise conversion of mortgage leads
-
Introduce block management to our franchisees as an additional property‑related service
Milestones of 2019
- Belvoir became the official agency sponsor for the LandlordZone website
- Northwood won Gold for Best Letting Agent of the Year and Best Franchise of the Year in the allAgents Awards based entirely on customer feedback
- Newton Fallowell launched its climate change initiative to plant a tree for every property sale
Focus for the future
-
Increasing national advertising spend with Google to maximise brand awareness and generate more market appraisals
-
Continue development of the Belvoir, Northwood, Newton Fallowell and Lovelle websites to increase traffic and improve conversion
-
Fully integrate our website and property software to automate and improve the customer experience