Trading remains strong at franchised lettings and estate agency business Belvoir Group (LON: BLV) and, although it has been boosted by the stamp duty holiday on property purchases, the group should continue to prosper.
Interim figures show that revenues were 41% ahead at £13.8m, through a combination of acquisitive and organic growth. There was 33% organic growth.
Pre-tax profit improved from £3.2m to £4.8m. This enabled the interim dividend to be raised from 3.4p a share to 4p a share.
During the first half, Belvoir paid £4.1m for Nicholas Humphreys, a letting agency focused ...
