Franchise firm Belvoir said it is expecting strong growth this year.

The lettings franchise company, which is listed on the AIM stock market, also said in a trading update that profits for last year are in line with expectations.

The update, covering the whole of 2014, comes ahead of Belvoir’s final results for the year which are due to be released on April 15.

The update said: “The company delivered successfully on its strategy of driving network growth through the financial support of franchisee acquisitions, the launch of property sales and the introduction of new Belvoir brand marketing tools.

“In addition to these initiatives, the company has seen strong underlying growth in network performance.”

Belvoir chairman and CEO Mike Goddard said: “Looking to 2015, Belvoir expects to continue strong organic growth in addition to the recruitment of new franchises and centrally-supported franchise acquisitions.

“Whilst this is likely to be against a backdrop of a more cautious property market, particularly property sales, Belvoir’s key strength continues to lie within the resilient lettings market.

“As a result the board anticipates 2015 to be another year of earnings growth.”