DEXTERS has reported a 3% rise in income to £147.1 million and income of £37 million

DEXTERS, London’s main unbiased Chartered Surveyor and Property Agent, has continued its year-on-year progress in its 2022 Report and Accounts, asserting a 3% rise in income to £147.1 million (2021: £143.3m 2020: £108.7m) with underlying working revenue of £37.0 million (2021: £40.6m, 2020: £23.2m) broadly in-line with the earlier 12 months (2021).

DEXTERS highlights its main place within the Capital’s property company sector in addition to the continued growth of its operations and spectacular progress in share of the London property market.

DEXTERS say that the outcomes of the present 12 months have been impacted by vital funding in acquisitions, new workplace openings and growing colleague (worker) numbers by means of recruitment and coaching, particularly in South-East London. These steps lay a powerful basis for future efficiency and can assist the enterprise to develop and seize additional market share of the capital’s profitable property company enterprise.

Of the £147.1 million of income, £79.5 million was generated by means of DEXTERS lettings and property administration enterprise, £56.5 million by means of gross sales and new houses actions and £11.1 million generated from different skilled advisory providers.

The corporate continues to reinvest income again into the enterprise. DEXTERS has invested £29 million in buying Marsh & Parsons, a enterprise with 27 London places of work. New DEXTERS places of work have opened in Tooting Broadway, Cricklewood, Muswell Hill, East Dulwich, Kentish City, Wimbledon, Islington, Finsbury, Hendon, Wapping and Hackney Central, with a brand new workplace opening scheduled for Finchley shortly. Resulting from new workplace openings and continued growth plans, DEXTERS are recruiting in all areas of the property sector together with quick monitor administration alternatives.

Within the monetary 12 months to 30^th September 2022, the typical variety of colleagues employed by DEXTERS elevated by 195 together with 86 new colleagues who had been enrolled within the DEXTERS Academy apprenticeship programme. As well as, 31 colleagues obtained ARLA {qualifications} and three colleagues achieved RICS {qualifications}. Throughout the corporate’s South-East London places of work, the staff dimension has doubled within the final 12 months on account of funding for additional progress.

In February 2021, DEXTERS introduced a partnership and main monetary backing from Oakley Capital with a progress technique of opening additional places of work by means of the acquisition of rivals. Since this partnership DEXTERS has spent circa £54 million on firm acquisitions and added over 50 new places of work (below numerous manufacturers) to the Group’s department portfolio by means of acquisitions and new workplace openings.

DEXTERS, based in 1993 and led by CEO Andy Shepherd, working alongside Chairman Justin King CBE, just lately introduced the acquisition of Marsh & Parsons and with this, DEXTERS has created London’s foremost company with the group working 150 places of work throughout London, with over 2,000 colleagues serving over 37,000 landlords and advising on the sale of over £5 billion price of property per 12 months.

Andy Shepherd, CEO of DEXTERS says: “DEXTERS continues its constant “12 months on 12 months” progress and the enterprise is effectively capitalised for additional growth and bold progress plans over the approaching years. The group has appreciable potential for future progress, with lots of its just lately opened or newly acquired places of work not but reaching their full potential. As well as, while now we have a number one market share place within the capital, there are various elements of Larger London the place the group doesn’t but have a presence, which means there’s a vital alternative for additional growth by means of acquisitions and new workplace openings.”

Andy Shepherd provides: “DEXTERS continues to be assured in regards to the power and future efficiency of the London property market. The London lettings sector is robust and experiencing excessive ranges of tenant demand following the reopening of the financial system after the COVID-19 pandemic, which is mirrored in our newest figures, while the gross sales market has remained resilient, following a powerful 2021 with the Authorities’s short-term stamp responsibility aid.”

DEXTERS promote and let extra property within the capital than anybody else and the enterprise has maintained constant progress, growing income at circa 15% per 12 months over the past 10 years. DEXTERS has a constant track-record of offering top quality service with its over 50,000 Google evaluations with a mean ranking of 4.9 out of 5.