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TODAY'S OTHER NEWS

Huge revenue increase for expanding agency franchise giant

The latest trading figures from Hunters, which in recent years has become one of the country’s largest sales and lettings agents, show a 45 per cent increase in revenue to £5.23m.

The results, mostly dealing with the period before the company’s flotation on July 2, also show operating profit up by 26 per cent to £444,000.

So far this year Hunters has opened 19 new branches on top of the 23 branches acquired from Country Properties across Hertfordshire, Bedfordshire and Cambridgeshire.

The company now has 161 branches in total.

“While the early part of the year was slow for the estate agency market as a whole and was impacted by the General Election, our performance in the first half was on plan" explains Harry Hill, the veteran housing market operator who is now chief executive officer of Hunters Property Plc.

"The second half is traditionally the stronger trading period and given the current momentum in the business and the benefit of our expanded branch network we are confident of achieving strong growth and meeting our expectations for the full year.”

The Hunters network is mainly franchised and now has branches as far apart as London, Exeter, Birmingham, Leeds, Manchester, Middlesbrough and Liverpool.

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