John D Wood & Co. has reported record trading results for its sales and lettings businesses.
The company, which is owned by Connells, delivered a strong 2021 trading result with an increase in EBITDA of 26% on the previous year.
Property sales transactions increased by 55% on 2021, thanks in part to a significant trend in off-market transactions, acute to the prime market, with a third – 33% – of its property for sale being marketed offline.
The lettings business saw a 10% uplift in new tenancies, with demand driven by property shortages in the sales market, as well as corporate businesses moving tenants internationally being more prevalent following easing of travel restrictions.
Last year, John D Wood & Co. opened a new office in Clapham expanding its South West London network, and also announced its move to a fully electric car fleet.
This year the business celebrates its 150th year of trading, with further expansion plans across London and the South of England.
Polly Ogden Duffy, managing director at John D Wood & Co., said: “I’m delighted by our result, none of which could be achieved without the outstanding people we employ. I am immensely proud of our teams, their work ethic and their approach to the ongoing challenges from the pandemic.”
John D Wood & Co. to launch new campaigns to mark 150th anniversary
They were such a good company untill Countrywide totally screwed it up. Even so they always remained a strong name and it shows that once they were allowed to get back to being Estate Agents they have flourished. Take note you big corporates at how it is done. Listen to the front line staff, do not dictate to them how it should be done when you do not understand how agency works at branch level.
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Not exactly hard to beat 2020’s figures….
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