Update: Growth as expected
Winkworth delivered strong growth in 2015 (revenue up 11%, pre-tax profits up 14%). Central London saw 15% lower transactions, but still generated revenue growth. Non-London offices grew revenue by 21%. The group continues to expand its footprint and 35% of revenue comes from lettings/property management. It cannot be immune to election-related uncertainty, but we still expect steady progress in 2015.
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