Skip navigation

Gloucestershire Business News

Sales up at Belvoir Group

Revenues at property and financial services group, Belvoir, were up 11 per cent for the first half of the year.

Sales in the six months to June 30 were up in all areas of the business, despite 2021 being an exceptionally strong year for the property sector.

The group, which has franchises in Gloucester and Cheltenham, saw an increase in revenues of three per cent for the property division.

Revenue from the financial service division was up 19 per cent, of which 12 per cent resulted from the July 2021 acquisition of Nottingham Mortgage Services and the May 2022 acquisition of Time Mortgages Experts.

Dorian Gonsalves, CEO of Belvoir Group, said: "Given the stamp duty holiday and the post-lockdown pent-up demand last year, 2021 was always going to be a hard act to follow for the property sector.

"However, the diversity of the group's income streams and the resilience of its franchise business model have enabled Belvoir to achieve underlying growth, with increased revenue from lettings and financial services mitigating the shortfall from property sales."

Related Articles

Pennant to sell site for £2.1 million Image

Pennant to sell site for £2.1 million

A leading global provider of training technology has exchanged contracts for the sale of its facility in Gloucestershire.

Gloucester City Council to move offices saving £200k Image

Gloucester City Council to move offices saving £200k

Gloucester City Council is relocating to new offices above the Eastgate Shopping Centre.

Cotswold Farm Park ups solar power investment  Image

Cotswold Farm Park ups solar power investment

Gloucestershire visitor attraction, Cotswold Farm Park has just expanded its solar power generation to help protect it from rising energy costs and to become more energy self-sufficient.

Bourton-on-the-Water coach and car park set to close Image

Bourton-on-the-Water coach and car park set to close

It has been revealed that the privately owned coach car park in Bourton-on-the-Water is due to close to coaches at the end of this year.

Copyright 2022 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.