Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Belvoir continues to enjoy strong tailwinds in the UK property market

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Considering property franchise and finance group Belvoir (BLV:AIM) was trading at 280p when it reported first half earnings six months ago, being able to buy shares today at 260p after such a positive full year trading update is a big bonus.
Not only is the group growing sales organically, it continues to add new and interesting businesses which give it access to even more customers.
Revenue for the year to December was up 37% to £29.6 million with new businesses contributing 12% growth and the underlying business posting 25% growth.
From being a pure lettings business when it launched the firm now has a thriving estate agency selling houses and offers mortgages through the Nottingham Building Society having acquired the advisory arm in July 2022.
The tightness of the rental market and the continued strong demand for new housing and finance mean the group is perfectly placed to cover each aspect of the property market both directly and via franchisees.
Net cash at year end was £7.4 million and the firm is happy to keep a small level of net debt while it uses the significant cash flows from its recurring revenue to invest for future growth.
SHARES SAYS: Keep buying.
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