Commercial property consultant Ryden has reported a strong year with turnover up 19% to £13.8million in the 12 month period to 30 April 2018. The firm’s annual accounts also showed significant regional growth in England up by 41% to £2.8m.
Both the transactional and non-transactional sides of the business were up 20%. The Investment group has had a particularly good year of growth delivering 16% of income and 27% of profit.
The English offices provide 20% of the firm’s total turnover, and the property management business in England now accounts for just under half of the firm’s management income.
Last year Ryden also announced the merger with Scottish planning consultancy Muir Smith Evans, creating a market-leading planning and research consultancy team. The opening of a new office in Manchester also represented a further step of a strategy for growth across England.
Ryden’s Managing Partner Bill Duguid commented on the accounts: “These figures are the result of the strong growth strategy we have been developing in England over the last three years. Our expansion into London and Manchester has increased our Investment activity substantially, with highlights from the last year being the acquisition of 1 New York Street, Manchester for £55m, and five multi-let industrial estates.
Alongside our investment capabilities, we’re building a strong industrial agency team, which will provide clients with a niche personal service combined with large agency approach and experience.”
Looking ahead, he commented: “The next year will be an interesting time in the UK economy with a number of political events and changes to come, but I firmly believe our business is prepared to face any challenges thanks to the consolidated growth we have been experiencing.”
Ryden is expected to increase the firm’s overall business in England by in excess of 30% in the next five years. As well as offering expert advice on commercial property Asset Management, Ryden specialises in project management, building consultancy and industrial development, particularly in the North West and Yorkshire.
Matthew Edwards, Partner and Head of the English Regions commented: “It is fantastic to see the very strong levels of growth of the English business especially now with the addition of our new office in Manchester boosting our existing presence in Leeds and London.
“The expanded network allows us to serve our clients more effectively and is in line with our strategy of continuing to build the business to offer a truly nationwide service to our clients.”
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