The parent firm of estate agent brands Martin and Co, Hunters and CJ Hole has seen its profits jump amid rising rental inflation.
The Property Franchise Group (TPFG), which describes itself as the largest operator of its kind in the UK property market, reported a pre-tax profit of £8.8m for 2022 - up by more than third on the £6.4m recorded in its previous financial year.
The Bournemouth-headquartered company also saw total revenue generated by its nine businesses increase by 13% to £27.2m, while adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) also grew, up 14% to £11.8m.
