Carter Jonas Increases Profits By 12% after another Strong Year
Carter Jonas has achieved another set of strong financial results in the year ended 30 April 2019, recording a 6.7% increase in operating revenue and a 12% increase in profit before tax. Turnover for 2018/19 was £64.89 million, up from £60.81 million in the previous 12 months. Profit before tax increased to £12.85 million, up from £11.46 million.
This performance reflects the continuing success of Carter Jonas’ long-term strategy, the objectives of which are to: launch new specialist consultancy services, expand geographic reach, and enhance investment in people.
Mark Granger, Chief Executive, Carter Jonas said:
“This is an extremely encouraging set of results for Carter Jonas, particularly when viewed against a backdrop of political and economic uncertainty.
“In 2015, we commenced our five-year business plan and it is this vision and focus which has helped to accelerate our growth. As a firm we continue to pursue work that balances both transactional and non-transactional business, securing instructions that safeguard against inevitable economic headwinds.
“We often cite our Limited Liability Partnership model as a key selling point of our business. Our independence enables us to be agile, and therefore able to adapt quickly to support the complex and evolving needs of our growing client base.
“Recent developments of note include; the expansion of our UK headquarters where we doubled the footprint, securing an additional 6,760 sq ft of space at One Chapel Place. We actively grew our Valuation offering, to include prime residential and affordable housing services, and our London Development team. We have also enhanced our presence in Wales, opening an office in Cardiff initially to provide a base for a specialist Minerals & Waste team. These particular milestones have reinforced our network, and strengthened our profile across all property markets.
“As well as nurturing client relationships, we continue to adopt new technologies and invest in the careers and well-being of our people. Our online platforms have been streamlined and improved to deliver a market-leading digital presence. This helps to secure better conversion and engagement for Carter Jonas and our clients. Amongst our people, we appreciate that each stage of a career has different goals, and we place a great deal of importance on mentoring and training initiatives for the long-term benefit of the business and the overall health of our teams. We are proud that our efforts in this area have been recognised, having retained the Investors in People Gold Standard certification, and achieving its Health & Wellbeing Good Practice Award.
“These results are a testament to our team’s energy, hard work and talent and as we concentrate on further opportunities for growth, I am very grateful to them for their commitment to our business.”