Dexters reports 32% rise in revenue

Dexters reports 32% rise in revenue

14/06/2022 by Dexters
Dexters has announced a 32% rise in revenue to £143.3 million ( from £108.7m in 2020) and a 75% increase in operating profit to £40.6 million (from £23.2min 2020) for the financial year ended 30th September 2021.

Of the £143.3 million of revenue, £62.7 million was generated through sales and new homes activities, £69.2 million from lettings and property management and £11.3 million generated from financial services, conveyancing and other professional advisory services.

Over the last 12 months, Dexters has further boosted its market share in North London with recent acquisitions in Hendon, Finchley and Finsbury Park. Similarly, partnerships with estate agents Roy Brooks, Peter James and Sebastian Roche, has further strengthened the company’s position in South London.

Founded in 1993 and led by CEO Andy Shepherd, the agent now has over 70 offices across London serving over 30,000 landlords and facilitating more than 28,000 property transactions across London per annum.

Andy Shepherd (photo), CEO of DEXTERS commented: “DEXTERS continues its consistent “year on year” growth and as London has bounced back from the disruption caused by the COVID-19 pandemic the business has seen a significant increase in transactions across the capital. Due to the professionalism, hard work and customer care achieved by colleagues across the business the DEXTERS brand is highly rated by both Londoners and international customers. This rating, alongside our office expansion programme and enhanced digital activities creates a strong foundation for continuing to increase revenue and future expansion.”
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