MartinCo (AIM:MCO) attractive returns and loads more to go for
The AIM quoted property franchise group announced a positive trading update for the year ending 31st December 2015. This small business delivers attractive returns and with a robust buy to let market it looks in great shape.
Revenue for the period to 30 September 2015 was up a whopping 47% to £5.3m (2014 £3.6m) and total Management Service Fees (“MSF”) increased 64% to £4.6m, although a lot of the growth was down to an acquisition of which more below.
MSF from its lettings business increased by 33% to £3.5m and MSF from its sales business increased by 504% to £1.0m (2014 £0.2m). This growth was primarily as a result of the Xperience…
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