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Hunters seeking more acquisitions as it bats off Brexit uncertainty

Hunters has delivered an upbeat report to shareholders, claiming income up 42 per cent in the first six months of the year, with turnover rising by 26 per cent. 

The franchise group says adjusted profit before tax soar by 134 per cent to £807,000. 

The group opened 17 new branches - including the conversion and rebranding of 10 existing businesses - and grew lettings income across the network by 18 per cent.

Kevin Hollinrake, the Tory MP who founded Hunters and remains chairman of the company, says potential uncertainty following the EU referendum result has been mitigated by the franchise strategy of the business. 

“In this economic environment, independent businesses benefit even more from joining the Hunters network. We continue to look for strategic acquisitions should they become available and we are delighted to have secured additional funding in this regard” says Hollinrake, referring to new borrowing facilities from HSBC.

“The business is well placed for the remainder of the year, with a good pipeline. The board expects the strong growth of the network in the first half of 2016 to continue in the second half as a consequence of the new network branches, stronger enquiries from other existing businesses and our recently extended facilities” he adds.

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