Belvoir revenues up by one fifth

Belvoir Lettings is on the hunt for more acquisitions after it reported an 8.5 per cent rise in full-year profit to £1.9m yesterday. Revenues at the letting agency, which runs 149 franchised offices across the UK, rose by 20.8 per cent to £4m in the year. Belvoir put the growth down to the rise in the number of franchisees under its management. The group floated on Aim last year.