M Winkworth plc
M Winkworth Plc is the franchisor of the Winkworth-branded estate agency network, earning commissions and subscriptions from independent franchisees operating ~100+ offices across London, regional UK and an Asia Pacific desk, covering residential sales, lettings and property management. The Group also directly owns a small number of estate agency offices (Tooting Estates, Lumley 1, Winkworth Development and Commercial Investment, and until its December 2025 disposal, Crystal Palace Estates). All revenue is earned in the UK.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 14 Apr 2026 · 51 pages · Companies House
M Winkworth, which runs the Winkworth estate agency franchise and owns a few offices itself, reported revenue of £10.7m for 2025, almost unchanged from £10.8m the year before. Profit before tax fell to £2.1m from £2.4m.
The report says sales across its network got a lift early in the year as buyers rushed to beat a stamp duty change, then slowed as worries grew about the Autumn Budget. Running costs rose, mainly because of one-off spending the company does not expect to repeat. Profit was helped by a one-off gain of £305,000 from selling its Crystal Palace office.
The company ended the year with £3.9m in cash and no borrowings, and raised its dividend for the year to 13.2p a share from 12.3p. Management said early 2026 trading was resilient and the sales pipeline was in line with expectations, but warned that mortgage costs and inflation look more uncertain. The auditor raised no concerns and found no doubt about the company's ability to keep going. Key risks include higher interest rates and the London housing market.
Franchise commissions/subscriptions earned at 8% of franchisee sales and lettings income under 10-year franchise agreements
Revenue represents the value of commissions and subscriptions due to the group under franchise agreements... the group earns a straight 8% by value on all sales and lettings income generated by the franchisees
page 32One-off administrative expenditure, higher legal/professional fees, marketing investment and AI/digitalisation spend
Administrative costs have increased compared to 2024 at £7.40m (2024: £6.84m), driven primarily by one-off expenditure not expected to recur in future periods
page 7Early 2026 trading across our network has been resilient, with sales applicant registrations and agreed sales broadly in line with recent years... We continue to expect modest house price growth in 2026 as real incomes recover but recognise that the near-term outlook for mortgage costs and inflation is considerably more uncertain than it was at the start of the year.
page 11Quarterly dividends; full-year ordinary dividends of 13.2p per share declared for 2025 (2024: 12.3p), described as strong and entirely self-funded from the Group's debt-free cash position
page 511 years on one page · FY2015–FY2025
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. 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.
5 figures restated in a later report
Every figure is read again from the following year’s report: 298 confirmed, 22 differ, 5 restated.
No figure has been restated: every figure a later report printed again, it printed the same.
5 more figures were restated in FY2015 to FY2022, which a free account opens.