Spicerhaart has reported its most profitable month in its 36-year history, with profits boosted in part by a surge in transactions ahead of changes to stamp duty regulations.
Spicerhaart reported a 27% increase in first-quarter revenue compared to the corresponding period last year – but EYE cannot verify this claim as no supporting data was provided.
Sales volumes were reportedly up by 67%, with financial services rising 24%. The company also confirmed a 10% uplift in its sales pipeline entering the second quarter – again, no supporting data despite a request from EYE.
Paul Smith, founder and chairman of Spicerhaart, said: “This extraordinary result is a testament to the passion, dedication, and resilience of every single member of the Spicerhaart family.
“It reflects the power of our culture, the strength of our strategy, and the momentum behind our mission to lead the industry from the front.
“We are continuing to grow – both organically and through acquisitions – and we remain focused on delivering exceptional results for our clients while investing in our people, and building an even brighter future.”a
Spicerhaart says the improved performance is a vindication of its strategic direction over the past two years, with closer collaboration across its management teams helping to drive record-breaking outcomes
Antony Lark, Joint CEO, said: “In recent months, we’ve strengthened our leadership with several key appointments, including a new joint Managing Director for our estate agency division, an acquisitions director, a performance director, and a head of creative.”
Joint CEO John Phillips added: “We’ve also made significant investments, as a group, in our in-house training academy, alongside a raft of technology and AI initiatives aimed at enhancing operational efficiency and client service.”
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