Member Article

Scanlans grows annual revenues to £4.4m

Property management and surveying group Scanlans has posted a 16 per cent rise in annual revenues.

Turnover in the year to March 31 increased to £4.4m from £3.8m, with growth across all of Scanlans’ operations.

Its property management division saw a 10 per cent rise in revenues, fuelled by a host of new instructions for apartment block schemes in Manchester, Liverpool and Birmingham, and growth for the Scanlans Facilities Management operation.

Key appointments in Scanlans’ building surveying and rating teams helped drive a six per cent rise in income for the firm’s surveying arm.

The latest figure includes the turnover of Manchester-based property sales, lettings and management agency Pad Residential, which became part of the Scanlans group of companies in early 2017.

Scanlans chairman Ian Stanistreet said: “We are pleased with our performance in our latest financial year and we are well-placed to see further growth this year.

“There has been a marked increase in the number of developments being managed by Scanlans Property Management and, with new schemes under way, we are confident of achieving further expansion this year.

“Key recruits in Manchester and Birmingham have enabled us to offer our surveying, valuation and rating services to a wider client base with great success.

“We have also recently expanded our Leeds office and look forward to this investment bearing fruit over the coming months as we step up our focus on the Yorkshire market.”

He added: “The partnership with Pad Residential is helping us to develop our comprehensive management service for build-to-rent blocks.

“With most new developments falling into this category or being private rented schemes, working with Pad is helping us to build our strength in these markets.”

Scanlans is a national practice with seven partners and 64 staff across its offices in Manchester, Birmingham, Leeds and London.

Its core business is residential block management across the north west and the Midlands. The Scanlans Facilities Management operation, which was established in 2016 provides cleaning, caretaking services at blocks across the north, now at more than 45 sites comprising around 2,350 apartments.

Scanlans’ surveying consultancy focuses on commercial and residential property valuations, building surveying, LPA receiverships, expert witness advice, rating and leasehold enfranchisement.

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