Property consultancy Montagu Evans has posted £52.8 million of total annual revenue, following a year of leadership changes as the company positions itself for further growth, according to its annual report for the financial year to 31 March 2025.
The documents, which were posted to Companies House, showed a £13.2 million statutory profit in the financial year, as revenue creeped up 2% by £1.2 million. This came as the firm’s services continued to grow, with one of its three departments posting a 13% uplift in the period, which was the last 12 months of Managing Partner, Rob Bower’s, ten year term.
To future proof and ready itself for planned growth in the coming months, statutory profit was decreased by 7.5% to £13.2 million, documents said. This strategy included: a multimillion-pound capital raise by Partners to provide investment capacity; the close of Savills’ acquisition of Montagu Evans’ Property Management business in July 2024; increase of average profit-sharing Partner (PSP) remuneration by 10% to £387,000 per person, up to £727,000 for the highest earning PSP.
Other changes included upping the employee partnership bonus to 61% of the total pot from 56% the year prior, as the company continued to deal with inflationary costs and deploy capital into personnel, documents added.
There was a spate of new hires at the firm such as, with Bhavini Shah appointed as Head of Diversity, Equity & Inclusion in September 2024 and Alan Harris’ appointment as Managing Partner on 1 April 2025.
He said: “Following a financial year spent strengthening our foundations, we have become a more streamlined business, unencumbered by debt or external shareholders, with multimillion pound Partner capital ready to invest.
“Our current position is positive and our focus now is growth. We are seeing greater opportunity in the market, and our ability to unlock value from complexity is increasingly in demand. Investing in talent is a priority, particularly for more Partners and in our key conviction areas of Central London, residential, public sector and industrial & logistics. We’re pleased to be getting approaches to join our ambitious equity partnership, with its clear growth and client vision, and a number of senior appointments will be announced in H1 2026.”
Mantagu Evans works across public and private sectors, with its clients primarily UK landowners from CBRE IM, Aviva, L&G, Columbia Threadneedle, LandSec, British Land, SEGRO, M&S, Barratt London, Berkeley Group and Taylor Wimpey, to government departments, Homes England, the GLA, Network Rail, TfL, local authorities and NHS Trusts, documents added.