Ryden Delivers Record Resuts
31st May 2006
Ryden, Scotland’s leading independent commercial property firm has posted an 11% increase in fee income to £11.8million in the year to 30 April. Fiona Morton became the firm’s first ever female managing partner last May. Profits in the period have risen by approximately 20%.This increase in fee income continues a trend of growth totalling 42% in the last 3 years. Fees from lettings and sales in the property occupiers market alone increased 21% reflecting an upturn in take up of available business property particularly for example in the Glasgow office market and in Aberdeen.Fiona Morton comments: “I am delighted to report such strong results. An 11% increase in turnover on a like for like basis reflects the ability of our individual partners and their teams to seize opportunities in a highly competitive market place.Our focus is to be as good as we can be and to ensure our clients are receiving advice of the highest calibre. The property investment market continues a strong bull run as property maintains its appeal to investors. We do anticipate a reduced level of investment transactions as the market stabilises but consider our teams of specialists across the property sector are well placed to serve existing and new clients, giving the advice they need to maximise the value of their assets. This could be through gaining planning permission, maintaining and enhancing the fabric of buildings, saving money on rates, maximising cash flow from investments or adapting business premises to meet emerging occupiers’ requirements.Our aim is to maintain growth in Scotland and Northern England to provide opportunities for our talented team of people to thrive.”
