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Myhomemove announces record profits for 2012

Conveyancing services firm myhomemove says it saw a 41 per cent increase in pre-tax profits in 2012 to hit £3.36m.

The firm says the rise is down to investments in new technology and more efficient operational processes allowing it to exploit the rising property sector.

It says it also completed 30,000 transactions which represents a 13.5 per cent yearly increase.

In the past 12 months the company has increased employee levels by 20 per cent and made significant additions to its management team in 2012 with the appointment of Doug Crawford as chief executive officer in April as well as Dev Malle to the position of group sales director in November.

Crawford says: “While 2012 ended on a high, with house prices up by 3.4 per cent, it was still a tough 12 months for those working in the sector.

“We have now laid the foundation for the next phase of myhomemove’s expansion. Over the next three years we aim to treble transaction volumes by expanding our introducer network, diversifying services and investing in staff.”

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