Editor's note: This brief was summarised by The Property AI Team from a report by Property Industry Eye. Read the original article for full details.
TPFG Relocates Registered Office as Revenue and Profits Increase
The Property Franchise Group (TPFG) has moved its registered office from Bournemouth to Grantham following an increase in revenue and profits for the first half of 2026. The change of address took effect on 9 September 2026, coinciding with the group's latest financial results announcement.
TPFG, a listed property franchising group, confirmed that its registered office has relocated from St Stephen’s Road in Bournemouth to The Old Court House, 60a London Road, Grantham. The group owns several estate and letting agency brands, including Belvoir and Martin & Co.
According to the financial results, group revenue rose 7% to £43.3 million in the first half of 2026, up from £40.3 million in the same period last year. On a like-for-like basis, revenue increased by 4%. Franchising revenue grew by 8% to £24 million, and financial services revenue increased by 10% to £13 million. Licensing revenue remained unchanged at £6.3 million.
Adjusted pre-tax profit was up 7% to £15.5 million, while adjusted EBITDA increased by 3% to £16.2 million. The group also reported a reduction in net debt from £10.9 million to £8.1 million. Cash generated from operations edged up to £13.4 million from £13.2 million. Recurring revenue accounted for 46% of group income, a slight decrease from 47% previously. TPFG increased its interim dividend by 10% to 7.7p per share.
Source: Property Industry Eye