Novus gross sales attain £ 150m

Alan Nixon took workplace as basic supervisor in February

In 2018, Novus Property Options achieved a pre-tax revenue of £ 5.54m (2017: £ 5.44m) for a turnover of £ 155.8m (2017: £ 148.6m) .

The corporate earmarked £ 2m of its earnings to help new investments in 2019. The deliberate tasks embrace a number of digital transformation initiatives. Novus is dedicated to integrating its IT methods with actual property administration software program, actual property databases and automatic inside processes for its clients.

Novus was previously Seddon Property Companies till the Seddon household separated from the group in 2013. It offers upkeep and development companies to the social housing, college, retail and housing sectors. 39; inn. It’s headquartered in Stoke-on-Trent and operates from 27 places throughout the UK.

Earlier this yr, Novus was among the many high 5 payers in its provide chain with a median of solely 26 days versus a median of 43 days within the business.

In February 2019, Novus appointed Alan Nixon to the place of Common Supervisor, changing Neil Hand, who had been with the corporate since 1981. Alan Nixon can be a long-time server, with greater than 30 years of expertise within the society.

Alan Nixon stated concerning the 2018 monetary outcomes: "In an unsure market, we’ve one other yr of pleasure. We’ve got elevated our revenues and earnings in a sustainable method as we attain our marketing strategy, whereas considerably strengthening our stability sheet so we will proceed to spend money on innovation this yr and in the long run.

"Novus, beneath the management of its president and the fourth technology of the Seddon household, Stuart Seddon, was decided to be a accountable entrepreneur who was giving again to his communities lengthy earlier than it grew to become a requirement of the contract gives. We’re happy to announce strong knowledge on our CSR. [corproate social responsibility] funding alongside our industrial efficiency.

"Our BITC [Business in the Community] The rewards and up to date congratulations for the business's main fee practices all come from our tradition, which is rooted in being a family-run enterprise. Guaranteeing that the rules that movement from it proceed to information our operations, at the same time as we develop our enterprise, is a vital objective for me and the board.

"Sooner or later, the market stays tight. Nevertheless, due to our customer-centric method and the expense of thrilling new digital improvements, we’re properly positioned to proceed on the trail to manageable progress. "

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