Carter Jonas generated turnover of £93.96m in the financial year ended 30 April 2025 – a 9.6% increase on the £85.74m it recorded in the previous financial year.
The firm also reported an operating profit after tax of £18.8m in the reporting period – a 31.3% year-on-year increase.
Richard Bruce (pictured), chief executive of Carter Jonas, said: “The past year has continued to test confidence across the UK property market. Higher borrowing costs, tighter credit conditions and economic uncertainty have weighed on investment decisions and impacted activity levels across many parts of the market. Transactional markets, particularly in residential and commercial property, have lacked consistent momentum, experiencing fluctuating activity levels. As a result, sentiment across both the private and public sectors has remained cautious, with a more measured approach to new investments.
“There are now tentative signs of greater stability emerging. The Budget has brought some clarity after a prolonged ‘wait and see’ period, particularly within residential markets, and inflation has eased from recent highs, helping to support wider momentum. Confidence remains uneven, but the direction of travel is clearer and provides a more constructive backdrop in which to plan for the period ahead.
“Despite this year’s challenging conditions, we have delivered a strong performance, underpinned by a disciplined and strategic approach. We prioritised profitability through tight cost discipline, while continuing to invest strategically in areas that support our long-term strategy, including our regional footprint and service capabilities.
“The results are a direct reflection of our strategic vision, the disciplined choices we have made, and the commitment and professionalism of our people across the firm. Their expertise and collaboration have enabled us to help clients navigate the uncertainties of a changing market and to continue strengthening the firm’s performance.
“Our performance also reflects the strength of our balanced operating model, combining transactional work with a resilient stream of recurring income. This balance, together with the breadth of our offering across the property lifecycle, and the diversity of our client base across the public and private sectors, has helped to underpin performance despite the challenging outlook.”
