Landmark Investments Group announce record profits for 2016 financial year of £3.6m
MANCHESTER, 17 July 2017 – Today, Landmark Investments Group announced that its profits for 2016 exceeded £3.6m, a 24% increase on previous record.
Mark Hawthorn, Group CEO, said: “As an investment company we take a long term view with a focus on longevity and strategy over short term profits. These results are a direct validation of this approach and a result of many years of prior investment coming to maturity. The portfolio is exceptionally robust, continues to grow at a pace and we have substantial funds available to underpin our ambitions going forward”.
Highlights of the year included:
- Achieved 58% growth in rent roll under management
- Investment portfolio increased to £35m, targeted £50m in 2017
- Insurance portfolio value surpassed £750m and will forecast to be in excess £1bn in 2017
Finance Director, Andrew Savage said: “The primary focus of the group is residential and commercial ground rent investment. We conservatively estimate there to be well in excess of £600m of new opportunities coming to market each year. The group is well positioned both financially and operationally to respond swiftly in what is a complex and constantly evolving market. We remain on target with our objectives and fully expect 2017 to comfortably surpass 2016”.