Famed for those ubiquitous green and yellow Minis plying the crowded streets, the business has had its challenges in recent years. But the latest update shows a distinct change in its fortunes. Results for the first half of the year demonstrated gains in all the right places, with CEO Guy Gittens justifiably trumpeting his turnaround plan.
Revenues were up 11 per cent; pre-tax profits grew by 24 per cent; the usual array of “adjusted” numbers showed similar gains. Gittens has earned the right to be smug. Perhaps key to the Foxtons Group’s success is the ability to keep hold of staff. Average revenue per fee earner was up 6 per cent. The same metric showed a 15 per cent rise per branch.
The work culture at Foxtons – the company describes itself online as “based on a work hard, play hard ethic”, providing “generous rewards for outstanding individuals” – might not be for everyone. But there is a certain sort of person that thrives in it. The ability to hold on to the best of these people in a tight labour market should not be underestimated.
この記事は The Independent の July 31, 2024 版に掲載されています。
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この記事は The Independent の July 31, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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