Partner Article

Knight Frank reports record profit and turnover

Knight Frank reports record profit and turnover

Knight Frank today announces its financial results for the year ended 31 March 2015 reporting a record £162m profit and £443m turnover.

Highlights:

Group profit before tax up 19% to £162.0m (2014: £136.6m)

Group turnover up 13% to £443.1m (2014: £392.7m)

Strong balance sheet with net cash balances at £167.8m (2014: £141.7m)

Alistair Elliott, group chairman and senior partner, Knight Frank said: “I am pleased to report another strong set of results for our latest financial year. We have achieved a 19% increase in profit, whilst continuing to invest significantly in recruitment and expanding our global platform.

“We continue to grow our network, recruiting the best people in key markets across the world. We believe it is this approach, as well as our unique partnership model that allows us to maintain a strong unified culture, the benefits of which our clients experience across our network.

“Our priority for the year ahead is to continue to develop our key services in the principal cities of the world.

“Our global strategy is working and we are winning more best-in-class instructions, especially in capital markets, valuations, residential sales, tenant representation and office leasing. The benefits of a balanced business are, I believe, being delivered.”

Peter Bowden, managing partner of Knight Frank’s North East regional office in Newcastle, says he is delighted that the office mirrors the growth and recruitment policy

of the Knight Frank group. “Our service areas are comprehensive and led by talented individuals and our recruitment in the last year has seen the office grow to over 40

with another 50 employed on external projects. Accordingly we have a very strong team here which continues to win first-class instructions across all sectors.“

Knight Frank LLP is a leading independent global property consultancy operating from more than 370 offices, in 55 countries, across six continents and has over 12,000 people.

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This was posted in Bdaily's Members' News section by Knight Frank .