Home » News » Agencies & People » Belvoir results reveal 19% revenue boost from Northwood purchase previous nextAgencies & PeopleBelvoir results reveal 19% revenue boost from Northwood purchaseBut year-on-year sales fees reduce as last year’s Stamp Duty rush takes its toll.Nigel Lewis25th May 20170941 Views Latest financial results from Belvoir, the UK’s largest franchise network, reveal that its recent acquisition of rival Northwood helped it boost group revenue by 19% during the first quarter of its financial year.Revenue from its franchise fees increased by 5% including an 8% rise in lettings fees but a drop in sales fees of 4% when compared to the same period last year.This, the company says, was caused mainly by the rush by investors and prime property owners to complete before last year’s Stamp Duty tax deadlines.Newton FallowellThis year-on-year reduction was more pronounce within its 31-branch East of England brand Newton Fallowell where the sales fall-off was 13%.But for investors, the galloping speed at which the Belvoir group is growing overall helped mitigate these sales reductions – Belvoir says its growth in sales was 33% as its rolls out sales across the UK.Revenue at Belvoir increased by £700,000 driven mainly by the Northwood acquisition although the franchising of six formerly corporate-owned offices has cost £200,000.“The Group has seen a healthy start to 201,” says Chairman and CEO Mike Goddard. “The Board has been working closely with franchisees providing the support they need to develop additional revenue streams and to take advantage of the growth opportunities that will arise from anticipated changes in the sector.”Belvoir operates four brands – Belvoir, Newton Fallowell (which it bought two years ago for £6.38m) Northwood (for £22m in June 2016) and Goodchlds (in 2015 for £3.26 million) and now has 300+ franchised branches.Mike Goddard Newton Fallowell Northwood Goodchilds Belvoir May 25, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021
Greensburg, In. — Decatur County Sheriff’s Department sergeant David Durant has entered the race for the top job on the Democratic ticket.Durant graduated from Mount Vernon High School in 1980, then Vincennes University before taking a job with the Cumberland Police Department. In 1988 he began a 27-year career with the Marion County Sheriff’s Department that included serving as a SWAT & K-9 commander, participated in special investigations and held top-secret security clearance through the Federal Bureau of Investigation Safe Streets program. He became the Decatur County Community Schools resource officer in 2015, joined the Decatur County Sheriff’s Department in 2016, earned Officer of the Year in 2017 and was also promoted to the rank of sergeant.Durant says he wants to create an unfavorable environment for criminals and make Decatur County a safer place. He believes drugs are no longer a “big city” problem and all approaches must be embraced to tackle the current epidemic. He also advocates the use of faith-based initiatives in the jail to support recovery efforts.Durant is the only Democrat in the field and will face one of five Republicans in the November 2018 general election.The Republican candidates are Indiana State Police master trooper Jim Ponsler, Decatur County Sheriff’s special deputies H. Wayne Shake and Rick Underhill, former Decatur County Sheriff’s Department deputy Steve Snyder and former Greensburg police chief of police and Decatur County prosecutor’s special investigator Bill Meyerrose.