Record Q1 trading leads to expansion at Landwood Group
Landwood Group, the Manchester-based property business, which underwent a management buyout by five directors, last November, is expanding operations following a record first quarter.
It said an increase in buy-to-let appointments and record turnover has led to the decision to extend its services of expert chartered surveyors and auctioneers.
The record quarter was thanks largely to the increase in recovery and receivership cases. The overall turnover is up by 10%, with the core business up 70%.
As part of the strategic expansion, Landwood is venturing into building and development consultancy, as well as expanding its existing commercial and residential agency and auction services.
Mark Bailey, Partner at Landwood, said: “The results we have achieved are a testament to our dedicated team and we take immense pride in our successes.
“However, our strategy has always been to expand and broaden our offerings across the sector.
“The expansion of our solvent services fits neatly into our growth strategy and we are keen to attract more ambitious professionals who can help propel us forward in consultancy and agency, mirroring the successes we’ve achieved in recovery and receivership.”
Since the management buyout in November 2023, Landwood Group has surpassed all of its financial targets with a series of client wins in distressed buy-to-let portfolios and commercial recoveries.
As part of the planned expansion, the business will be looking to bring in specialist building consultants, development consultants and commercial and residential agents and auctioneers at a senior level.
