Turnover rises at Allsop

Allsop has posted a 4.3% rise in turnover to £45.2m. Newly filed accounts at Companies House show a circa £2m uplift in revenue in the 12 months ended 31 March 2024. The group said that despite challenging market conditions, its “tight control” of costs had enabled it to deliver a £15.8m profit share to its members. This is up from £15.4m in 2023. Net assets rose from £8m to £10.6m, with cash in the business almost doubling from £3.2m to £5.9m. Senior partner Scott Tyler 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.” He added: “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.”