Commercial Property News

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Thursday, May 25, 2023

GVA Grimley announce 22% increase in profits

GVA Grimley has reported a strong performance for the 2005/2006 financial year, with significantly increased profits across all areas of the business, including double digit growth in all its offices.

Highlights of the partnership's 2005/2006 results include:

-114m UK turnover, representing an increase of 22% on previous year

-Total Profits increased on previous year to 26 million after charging staff bonus

-Staff bonus pool increased by 65% on previous year, from 9million to 15 million

The past year has also seen a number of strategic mergers by GVA Grimley as part of the firm's continued expansion. Merger highlights for 2005/2006 include:

-The merger of Lamb & Edge property advisers in Newcastle to form the largest practice in the North East;

-Building surveyors Wright & Co to expand Scottish building consultancy team;

-Mappin Planning & Development to expand Scottish planning and regeneration team

Chief Executive Bob Barnett said: "We have enjoyed another tremendous year, building on the continuing success of previous years and establishing the business as one of the industry's best performing and most successful property advisers."

We are continuing to build the business by investing in our teams through our training and development schemes as well as by having the very best and most experienced people in the professional property market working for our clients."

Investment in GVA Grimley's National Business teams continues apace, with further expansion in the City with a requirement of 10,000 sq ft of new office space, and the opening of new offices in Liverpool and Ireland as well as expansion of current premises in Manchester, Newcastle, Cardiff and Leeds.