Residential property

Financial performance

During 2016/17 we grew the business by 8.4% to a turnover of £11.36m - our highest ever one year income and the fifth consecutive year of growth.

During the year we invested in the recruiting, training, developing and rewarding of our staff. As well as that we’ve taken more space in Perth and Glasgow to provide a greater platform to deliver our services to clients and prospective clients in those areas. We also added to our capacity to manage and deliver high quality services through new appointments at partner level - both from within the firm and with hires from outside. We also commenced a period of improving the technology we use to help deliver services to clients.

As a result of these investments our profits were 2.9% lower than in 2015/16 which was as expected. As in the past few years the partners will make a payment equivalent to 1% of the past year’s pre-tax profits to our chosen charities, meaning a donation of over £27k.

We continue to operate without any debt and remain committed to the predominantly organic growth and development of the business and our services.

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