Profits rise 270-plus per cent as property firm announces record year
By Andrew Merrell | 4th September 2019
A national property consultancy with its head office in Gloucestershire has revealed a record turnover of £13.5 million.
With more than 500 business wins across a variety of sectors over the last year as well as a reputation for winning sizeable contracts such as HS2 and Hinkley C Nuclear Power Station, the firm has reason to celebrate.
Utility and infrastructure accounts brought £6m into the company during the last year alone.
Operating profits are up from £495,000 in 2017/18 to £1,845,000 (273 per cent) with net profits up 72 per cent to £2.3 million and staff numbers of risen from 151 to 160 with more jobs likely to be created.
Anne Williams, finance partner at Bruton Knowles, which is based at Olympus Park, Quedgeley, said: "Bruton Knowles is delighted with the financial results for year end 2018/19.
"The figures speak for themselves - the team has worked incredibly hard in order to secure record turnover and profit levels as a result of new business wins and improved productivity levels.
"The fact that we can continue to bring in such a significant amount of new business in a tough economic climate, across a wide range of sectors, and at such a rapid pace, demonstrates the strategic direction and added value that we provide on projects and for our clients. "
James Bailey, managing partner at Bruton Knowles, said: "Bruton Knowles has demonstrated over many years now that we have the capability to deliver on major and national projects, and we intend to continue driving this offer forward.
"During the last year, we have deliberately targeted specific sectors which we know have the potential to grow the company.
"Our efforts to use the expertise within the business to create specialist teams, through recruitment and promotions, show that we have a highly skilled team to deliver. In fact, our recruitment drive for the coming year will see us take on record numbers and we are actively seeking new team members on an ongoing basis.
"With sector-leading, specialist teams, passionate about our independence and delivering the very best for our clients, it is an exciting year ahead for Bruton Knowles, full of opportunities to grasp."
The Gloucester office was the first to be opened in 1862 by the national brand and now has 80 members of staff, including head of commercial property, Dorian Wragg, who heads up the commercial team and partner Scott Winnard, who manages the land development team and senior associate, Ben Compton, who leads the rural team.
Bruton Knowles has recently opened a new branch in London, set to service a significant and growing client base in the capital and South East.
Bruton Knowles describes itself as "an independently-owned national property consultancy... a "large multi-disciplinary team highly knowledgeable in sale and purchase, valuation, leasing and strategy, providing specialist insightful advice across commercial property, infrastructure, utilities, public sector and social housing sectors, helping clients to achieve more from land and property".
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