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“Aggressive acquisition strategy” revealed by London agency

London-focussed high end agency Chestertons says it’s on the hunt for acquisitions after posting what it describes as a “record performance” in 2019.

Its total revenues were up eight per cent on the year to £43m plus profits up 60 per cent. 

Its lettings division posted a 10 per cent uplift in revenue from the previous year; sales were up seven per cent, despite a 12 per cent drop in transaction volumes.

“We’re looking forward to a new period of growth and to expand through targeted acquisitions. The bold restructuring in 2018 and total transformation of the way we operate has now made Chestertons future-fit … I am confident we can continue to grow the company as we focus on an aggressive acquisition strategy” says managing director Guy Gittins.

The agency says that between January 2 and 12, sales enquiries were up on last year by 76 per cent while new buyer registrations and the number of offers being made on properties were up 15.6 and 43.7 per cent respectively.

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