Annual sales up 57% to £175m for property firm

Bond Wolfe has recorded a 57% rise in annual revenues in 2021 with its total for the year surpassing £175m.

The annual revenues were revealed following Bond Wolfe’s seventh and final livestreamed auction of 2021, which itself raised £29.2m.

Gurpreet Bassi, chief executive of Bond Wolfe, said that the rapid success and expansion of the business reflected a booming property market that had defied Covid-19.

An example of this growth was Bond Wolfe’s appointment as the official auctioneer for Sandwell Metropolitan Borough Council after a public tender process.

Bassi said that Bond Wolfe had not only captured the lead for property auctions across the Midlands but had also stretched its reach to regularly sell lots from Cornwall to Scotland, and from Wales to both the north-west and north-east of England.

“We had some aggressive targets when we first launched this auctions business at the start of 2019, but none of them were anywhere near reaching sales of more than £175m by year three.

“The fact that we have done that despite the onset of Covid-19 and with all the lockdowns and restrictions that this pandemic has resulted in is an incredible achievement.

“We are proud to have become the UK’s number one livestreamed auctioneer, having sold more properties via the livestream method than any other auctioneer.

“The success we’ve had reflects a strong and resilient property market across the UK, but especially in the regions like the Midlands, with a number of developers switching their attentions away from London.

“But I am also aware that our swift growth is down to some incredible hard work by everyone here at Bond Wolfe, and they all deserve to feel very proud of what we have achieved.”