Allsop posted turnover and profit growth for the financial year ending March 2024, despite the “challenging” economic environment.
In the reporting period, the company’s turnover rose 5% to £45.22m and profits increased 3% to £15.78m.
Scott Tyler (pictured), senior partner at Allsop LLP, said: “These are a robust set of results particularly within a challenging environment where capital market volumes in commercial and residential markets were low. Sustained higher interest rates, wider lending margins, conflicts in Ukraine and the Middle East, together with impending elections created a tricky market to navigate.
“Despite this, we saw strong performance from our specialist residential and commercial auctions teams, particularly the residential auction team which had a record year. And, aligned with our investment strategy, our residential and commercial valuation teams continue to grow as we build our reputation and grow market share in advisory services in response to clients’ needs.
“We are pleased to have pushed turnover and profit along in the last 12 months. Our strategic vision remains to be the go-to partner in UK property transactions, consultancy and management services by prioritising trust, transparency and an exceptional partner-led service. To sustain long-term growth, we will continue to develop a balanced portfolio of services that complement each other and can trade successfully through unpredictable property cycles.”
