Property Franchise Group AIM:TPFG
- Founded
- 1986 · Bournemouth, England
- Incorporated
- United Kingdom
- Chief executive
- Gareth Samples
- Employees
- 349
- Reports in
- GBP
- Companies House
- 08721920
The UK's largest property franchisor, whose networks include EweMove, Martin & Co, Hunters and, following its 2024 merger with Belvoir, over 900 franchised lettings and estate agency offices, plus a growing financial services arm arranging mortgages. Earns royalties on franchisee revenues, giving asset-light recurring income.
Read straight from the annual reports
415p at close on 2 Oct 2026 · 11 reported years, 2015–2025
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GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Management Service Fees (MSF) from franchisees, charged as a percentage of franchisee turnover/lettings and sales fees
Group generates revenue primarily through Management Service Fees linked directly to franchise income
page 14Financial Services commissions from mortgage, protection and insurance products via Brook Financial Services/Mortgage Genie
Financial Services segment revenue £24.2m (2024: £22.0m), up 10%
page 25Delivery of cost synergies from Belvoir/GPEA integration and additional revenue without material added cost
Adjusted operating margin improved to 38% (2024: 33%); operating profit benefited from synergy delivery and limited incremental costs on new revenue streams such as Privilege
page 26Relatively fixed cost base with revenue growth creating operating leverage
The Group benefits from a relatively fixed cost base, where cost increases typically lag revenue growth, creating leverage opportunities as the Group continues to scale
page 26£449k charge: Exceptional administrative expenses (acquisition-related legal/professional costs £0.128m and exceptional staff costs £0.321m)
page 78Looking forward, the Group is well positioned to seize the commercial opportunities ahead. Our platform model enables us to deliver additional value-added services to our growing number of franchisees and members... The Board is confident that, guided by a clear strategy and supported by recurring and diversified revenue streams, the Group will continue to deliver ever greater value to all stakeholders.
page 7On 16 January 2026, the Group acquired 85% of the issued share capital of Smart Advice Financial Solutions Ltd for consideration of £1.5m (cash consideration of £1.2m and deferred consideration of £0.3m)
page 96Progressive dividend policy targeting a pay-out ratio of approximately 50% of earnings; final dividend of 15.0p proposed for FY25 (2024: 12.0p), taking total FY25 dividend to 22.0p (+22%); dividend cover 1.8x on adjusted basic EPS
page 26Auditor BDO LLP issued an unqualified/unmodified opinion that the financial statements give a true and fair view, with no material uncertainty related to going concern; the Directors adopted the going concern basis after stress-testing budgets/forecasts for FY26-FY28 against covenant headroom on the Barclays facility. Single key audit matter: goodwill and intangible asset impairment risk (no evidence of management bias found)
page 58- Failure to achieve our growth ambition - market conditions and execution capabilities all influence ability to grow revenuep.22
- Legislative changes and government policy - residential property market is increasingly subject to changes in UK legislation and government policy (notably the Renters' Rights Act) which can be enhanced or eased where a crisis causes short-term inefficienciesp.22
- Growth in portfolio of managed properties - loss of landlords due to the Renters' Rights Act reduces the pool of managed properties available to franchiseesp.23
- Finding and recruiting new entrants and retaining and developing the current network of franchisees, licensees, members and advisersp.23
Read from C001039-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 14 Apr 2027