Commercial property firm reports strong growth
COMMERCIAL property consultant Ryden has reported a strong year with turnover up 17% to £13.2m.
In the 12 month period to the end of April 2014, the firm’s annual accounts also showed a 50% increase in profit and a strong balance sheet with £3.9m in cash.
Ryden has offices in Leeds and employs around 110 staff.
Bill Duguid, who took over as managing partner last year, attributed the strong performance to growth in transactional business. “The transactional side of our business grew by 38%. This, coupled with the continued strong performances in non-transactional work, is fuelling the firm’s growth,” he said.
“We have already exceeded our three-year growth targets after two years. The key to our success is undoubtedly in the strong and experienced teams we have maintained in each city. We resisted the significant staff cuts adopted by some of our larger competitors during the recession and I believe this is paying dividends for us in the high quality of work we are now winning. ”
Looking ahead Duguid said that the next five years will be a very “interesting time” in the UK economy with a number of major political events and changes to come. “I firmly believe it will be a good time to continue to grow our business particularly in the north of England and we are currently looking at plans to do this which we hope to announce in the next six months,” he said.
