Lomond Quarterly Insight: Q4 2023

31st Jan 2024
Ed Phillips

As we welcome you to the fourth edition of our Lomond Quarterly Insight, we are thrilled to be starting 2024 on a high note. We had another great year, completing our 50th acquisition in three years as we continue to grow our presence, defy expectations, and showcase the strength of our brilliant team.

Despite a national backdrop of subdued sales demand, we recorded a 10% uplift in applicants per branch and a 31% increase in new applicants per sales instruction in 2023, so we are cautiously optimistic about the year ahead.

Last year, we grew our lettings portfolio to around 43,000 properties, spreading into new territories and deepening our local expertise. Our recent acquisition of Beals more than doubled our footprint along the South Coast and we reached a major milestone in the North-West, tripling the portfolio since launch. We also expanded in the Midlands and unified our brand across Scotland.

As always, our people are at the core of our business. That's why we have expanded the first-class team which underpins all our successes and are proud to be officially certified as a ‘Great Place to Work’, which recognises our work in building a supportive and engaging workplace that values our employees and promotes development.

We also came together from across the UK to support Centrepoint’s Sleep Out Event. Our nationwide charity partner helps young homeless people throughout the UK and we are delighted to have raised over £20,000 in the first six months.

Ed Phillips, Group Chief Executive, said: “I am immensely proud to lead this dynamic, talented and caring team into the next stage of Lomond’s growth journey.

"We are raring to go as we enter 2024, poised for an accelerated growth journey, and will continue to invest in leading technology to drive efficiencies and match people with property.”

Want to learn more? You can read all of what Q4 2023 had in store for all facets of Lomond in the comprehensive document below.