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Hunters profits up 31% in agency's first year on the stock market

Hunters has told investors that its revenues rose 15 per cent to £13.8m in the year to the end of December, with pre-tax profits up 31 per cent to £1.86m.

"The company has shown impressive growth, opening 30 new branches” says chairman and Conservative MP Kevin Hollinrake. 

Hunters retained its 96 per cent customer satisfaction rating and increased revenue per branch by seven per cent - even though, according to the Rightmove Market Activity Report in February, the overall market itself is two per cent down on a year ago.

“The first quarter has therefore started well taking us past 200 branches. We continue to out-perform general market activity, our instructions are up on last year and our pipeline of new branch prospects remains healthy" says Hollinrake.

He also spoke of Hunters’ latest acquisition, reported on Estate Agent Today last month.

"I am also delighted to welcome the branches of Besley Hill into the Hunters network. We have secured a leading and long established network of offices; the ongoing roles of management; and management's long term commitment by committing their three branches to new franchise agreements as part of the deal."

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