Andrews Property Group, which is owned by two charitable trusts, has announced its annual dividend payment to its shareholders.
Between them, Andrews Charitable Trust and the Christian Book Promotion Trust will share a payment of almost £500,000.
Andrews is unique within the property sector for its ownership structure – something which reflects the philanthropic work of its founder, Cecil Jackson Cole, who was instrumental in the founding of a number of leading charities including Oxfam.
Commenting on the pay-out, Andrews chief executive David Westgate said: “Andrews is built on an unwavering belief that commercial profit should be used wherever possible to benefit those who suffer hardship both in the communities in which we operate, as well as those further afield.
“To be able to hand over such a significant figure to the charitable trusts serves as a powerful reminder to the entire Andrews family, without whom it would be impossible to make a payment of this kind.”
The charitable trusts which are the sole shareholders of Andrews Property Group have supported many projects through these dividend payments which in the last five years alone have totalled more than £2.7m.
One project supports young people leaving the care sector, while Andrews Charitable Trust will also support early-stage initiatives that address social needs in innovative ways and provide grants to individuals and organisations.
What a great read to start the week!
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How utterly impressive!
Andrews Property Group is a fine example of how a modern estate agency business should be run for the benefit of all concerned.
Other business models should note what can be achieved when an estate agency is run for actual “profit” – not in anticipation of it 3 to 10 years down the line.
Thank you Andrews.
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