Connells Group has reported profits before tax exceeding £60 million for 2024, marking a notable increase in profitability compared to the previous year.
The estate agency and property services provider attributed its performance to strong mortgage lending volumes, a high level of property surveys, and a strategic restructuring of its lender services division.
The Group’s Lender Services division, which includes surveying, mortgage, and asset management businesses, achieved several key milestones over the past year:
- Over 500,000 RICS valuation and survey reports were completed, supporting homebuyers through the transaction process.
- Total mortgage lending across all distribution channels surpassed £31 billion.
- A continued focus on raising awareness of the importance of property surveys for homebuyers.
- A significant restructuring of its mortgage businesses, creating three distinct divisions:
Network (Mortgage Intelligence); Club (Next Intelligence), and Specialist Broker (Dynamo). - Investment in technology and service improvements.
As part of Skipton Group, Connells operates over 1,200 branches nationwide under multiple well-known brands, offering services across residential property sales, lettings, mortgages, surveying, asset management, and more.
Adrian Scott (pictured), group lender services managing director, highlighted Connells Group’s focus on technology and innovation to better serve its customers: “2024 has been an excellent year for Lender Services at Connells Group, driven by our ongoing focus on delivering a quality service and our commitment to meeting the needs of all our customers, including lenders, brokers, and borrowers.
“Looking ahead, we are investing heavily in our technology, our use of data, and our ways of working in support of meeting our customers’ constantly evolving needs more efficiently and effectively.”
