28 January 2021 - trading update

AIM-listed Belvoir Group, which is the largest property franchise in the UK, has released a trading update covering the financial year ended 31 December 2020.  Remarkably, trading in 2020 exceeded expectations from this time last year.  Revenue was up 12% to £21.6m (2019: £19.3m) and profit before tax will be comfortably ahead of expectations.  The cost base was reduced at the start of the pandemic, which left overheads significantly below the original budget.  Some of those savings have continued into 2021.  At the year end net debt had fallen to £3.7m . . .

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