Wednesday 18 December, 2013


MartinCo PLC

Admission to trading on AIM



With a network of almost 200 offices, Martin & Co is one of the largest franchised property businesses in the UK. Established in 1986, it provides a responsive local letting and sales service with the backing of a national brand.

The company has a strong focus on lettings and currently manages 30,000 properties on behalf of private clients, which amounts to a town the size of Maidenhead in Berkshire.

In March 2012, Martin & Co introduced an estate agency service with a view to leverage and extend its established brand name in the UK. The company's approach to estate agency differs from standard commission based estate agent sales models, in that it offers an option for vendors to instruct it on a pay-as-you-go basis, depending on which services they require.

Martin & Co is a multi-award winning business, including Gold for Best Large Letting Chain at the ESTAS (Estate & Letting Agent Awards) in 2009 and 2012, Franchise of the Year awarded by The Negotiator magazine in 2011 and Lettings Agency of the Year (Silver) awarded by The Sunday Times in 2013.



http://www.martinco.com/

Going well.

MartinCo PLC (MCO:LSE) set a new 52-week high during today's trading session when it reached 190.00. Over this period, the share price is up 69.64%.

Big faller today. I'm out.

Interim Results

RNS


RNS Number : 7494J

MartinCo PLC

14 September 2016






MARTINCO PLC



(the "Company" or the "Group")



Interim Results for the six months ended 30 June 2016



EBITDA up 31% as the Group benefits from continued revenue growth and operational gearing



MartinCo Plc, one of the UK's largest property franchises, today announces its interim results for the period ended 30 June 2016.





FINANCIAL HIGHLIGHTS




·

Revenue increased by 12% to £3.7m (H1 2015: £3.4m)


·

Management Service Fees (royalties) increased by 10% to £3.2m (H1 2015: £2.9m)


·

Operating profit increased by 22% to £1.6m (H1 2015: £1.3m before exceptional costs)


·

Operating margin of 42% (H1 2015: 38% before exceptional costs)


·

Strong balance sheet with a net cash position of £4.5m at 30 June 2016 (H1 2015: £3.8m)


·

Earnings per share increased by 36% to 5.7p per share (H1 2015: 4.2p)


·

Interim dividend increased by 11% to 2.0p per share (H1 2015: 1.8p)






OPERATIONAL HIGHLIGHTS




·

289 trading offices (H1 2015: 284)


·

271 offices offering Estate Agency service (H1 2015: 253)


·

46,000 tenanted managed properties (H1 2015: 44,000)


·

7 new franchisees recruited (H1 2015: 7)


·

4 new offices opened (H1 2015: 5), further 3 offices preparing to open (H1 2015: 7)






Ian Wilson, CEO commented:



"I am delighted to announce this very strong performance in the first half of the year which reflects the significant strategic growth achieved over the period.



"The Company is in its strongest position since its admission to trading on AIM in 2014 and considering the current momentum, the Board remains confident of future progress for the benefit of shareholders and other stakeholders."