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Increase in profits for property consultancy Galbraith

Galbraith chief executive Pam Over. Picture: Stuart Nicol.
Galbraith chief executive Pam Over. Picture: Stuart Nicol.

Property consultancy Galbraith has reported a significant increase in revenue and profit.

The firm counts sites in Perth and Cupar among its 14 offices in the UK.

The group saw its sales rise to £13.1 million and profit increase by 33% to £2.9m, for the year ending March 31.

Galbraith is a diversified firm with significant interests in commercial, residential and land agency, forestry, building surveying, energy and estate management.

After the end of the financial year, Galbraith merged with the former business of Land Factor, which gives the firm a presence in the north of England, with offices in Hexham, Blagdon and Penrith.

Pam Over, chief executive of Galbraith said: “I am delighted to report that the organic growth we have achieved within the firm in recent years, coupled with prudent acquisitions, have delivered early results.

“We look forward to the merger with Land Factor being reflected in our future performance.

“Our self-contained business streams have prospered this year.

“We have invested in our energy, building surveying and forestry divisions in particular, as there are significant opportunities in these sectors.

“Once again we are reporting impressive growth across the board.”

Iain Russell, chairman of Galbraith, added: “Our strategy of delivering high quality property services with the best professionals through an extensive network of offices has proved successful.

“We are confident that good opportunities lie ahead across our various business divisions.”