Leading Chartered Surveying practice Eddisons has reported growth in both revenue and profit in the year ending 30 April 2018.
Revenue for the Leeds-based firm increased by over 5% to £14.2m while profits increased by almost 7% to £3.1m, up £0.2m on the previous year. The firm also reported operating margins had increased to 22.1% (from 21.6% in 2017).
Richard Roe, Managing Director at Eddisons, said: “These results have been achieved through a combination of organic growth and strategic acquisition.
“Within this financial year we have invested in our real estate and commercial valuation teams through the recruitment of experienced surveyors, and in our building consultancy capability, where we have experienced increased levels of instructions.
“Alongside this, we have also strengthened our machinery and business asset expertise through the acquisition of industrial plant and machinery asset specialists CJM Asset Management. This acquisition was completed in February and complements our existing operations, enhancing our capability to sell complex and high value assets internationally.
“This last year has also seen us recruit a new team in Liverpool, boosting the firm’s valuation and agency services across that region.”
Eddisons is headquartered in Leeds and employs 182 staff - up from 170 at the start of the previous financial year - and has been an established business for over 174 years.
Richard joined Eddisons in 2003 and has been the Managing Partner since 2012, a role that sees him lead the strategic direction and development of the business under the ownership of Begbies Traynor Group plc. Richard has been instrumental in the growth of the business which has seen turnover more than double since 2008.
In addition to his role as Managing Partner, Richard continues to play a vital role with key clients, particularly in the banking sector, where he is a trusted adviser to major high street clearing banks. Over the last eight years, Richard has been appointed LPA Receiver on many high profile properties and assists in the recovery of distressed loan portfolios.
Prior to joining Eddisons, Richard worked in the real estate division of a 'Big Four' firm where his notable assignments included the privatisation of Saudi Telecom for flotation on the New York Stock Exchange.