FINANCE: Pretax profit has soared 38% at Allsop on the back of a revenue rise to £40.2m.
In the year to 31 March 2014, pretax profit increased to £14.6m, up from £10.6m in the previous year.
During the same period, group turnover rose by 20% to £40.2m. Net assets also increased by 28.5% to £12.8m.
The performance was achieved without a significant increase in the firm’s headcount. The City agency and investment teams, national investment teams and auctions divisions were all praised for strong performances.
Neil Mackilligin, Allsop senior partner, said: “These results demonstrate the strength of our transactional teams, and in particular our prowess in the portfolio market in the UK.”
He added that the current financial year was producing strong results.
“I look forward to reporting an even better set of results when these accounts are released in 2015,” he said.
