Marsh & Parsons brushes off London wobbles
Thu 12 Mar 2015
The owner of London estate agent Marsh & Parsons plans to grow the chain this year despite a volatile prime-property market.
LSL Property Services, which also owns Your Move, is the latest in a chain of agents to admit it endured a tough second half of last year in the capital.
However, Marsh & Parsons made good progress in the volatile, prime-central London market where stock levels remained challenging all year, chairman Simon Embley said.
Parsons has 23 branches but will open four more. The chain sales rose 9% to 32.5 million.
The overall group sales rose 11% to 287.5 million with underlying profit reaching a record 42 million.