Martin & Co has announced that it will have grown to 200 franchises by next summer, and that it is recruiting at the rate of 20 new franchisees a year.
And, in a dig at rival Belvoir which floated on the AIM stock market earlier this year to raise money for its own expansion, Martin & Co said that the firm’s growth has been ‘without resort to private equity or a public market listing’.
Martin & Co also said that while the lettings market has grown 7.5% each year over the last decade, the Martin & Co group itself has grown at a rate of 20%.
It said that its business model has ‘has allowed the group to continue to access bank funding since the credit crisis and draw down £4.5m in start-up funding in five years’.