Cluttons news 22nd January 2015

Cluttons has posted a 36% rise in pre-tax profit to £10.9m for the year ended 31 March 2014. Turnover was also up 11% to £41.2m, while net debt was also reduced during the year from £1.85m to £0.66m. The company has pursued an international expansion programme with a presence now established in over 50 countries. A global repositioning and rebranding exercise took place last February in a year when the firm made a number of high profile senior hires. It was also a good year for new contract wins including a four year mandate with CTIL (Cornerstone Telecommunications Infrastructure Limited) to provide lease administration services for Telefónica and Vodafone’s mobile networks across the UK, and being appointed to manage The Diocese of London’s portfolio of over 160 properties held for investment. Overseas, Cluttons is also involved in a number of high profile projects including the launch of Tilal City in Sharjah, UAE, and the sale of 400 residential villas at Tecom’s Villa Lantana in Dubai. John Wood, managing partner at Cluttons said: “The year ended March 2014 was an excellent one for Cluttons. Our success is enabling us to win larger mandates in the UK and internationally as well as helping us to attract a high calibre of new people. This year we have reinvested a significant proportion of our profits to support the continued growth of our business.” Bill Siegle, senior partner at Cluttons, said: “Cluttons has always been a forward thinking firm and we will continue to invest in our future as we enter our 250th anniversary year in 2015. In addition to celebrations to mark the achievement we also have new branches, more senior hires, and further UK and international expansion planned.”