Clyde builds on rise in profits

Published on 05/07/2012 00:00

PROFITS at estate agency and lettings firm Clyde Properties have more than doubled after it increased its share of the west coast’s property market.

Glasgow-based Clyde posted a pre-tax profit of £644,000 for 2011, up from £320,000, on turnover 7.7 per cent higher at £4.2 million, accounts filed at Companies House showed.

Managing director Gary Thomson said the rise in profits was due to a restructuring that had placed more emphasis on customer service. He added: “The past few years have been undeniably challenging for anyone involved in the property sector.

“However, at Clyde we are starting to see a positive change across both residential sales and letting, with general enquiries and the number of sales for the first quarter of 2012 showing a marked improvement.”