The multi-brand franchise business shares its audited results for 2021
Franchise Brands has announced its results for 2021 with the headline being record profits and strong revenue recovery even in the face of a lockdown in the first quarter.
Star performers of the group include drainage service company Metro Rod and Metro Plumb Systems which saw a 24 per cent sales increase, taking £50.4m in total.
Stephen Hemsley, executive chairman of the group, was full of praise. He said: “The record-breaking result has been driven by the strong performance of our Metro Rod franchise network. However, all our businesses have shown themselves to be resilient and demonstrate the overall strength of our portfolio of franchise networks.”
The acquisition of the Azura Group brings its IT services within the company but it is another acquisition, Filta Group Holdings PLC, that Hemsley believes could transform the group.
He explained: “The acquisition of Filta will be transformational for the business, taking us from a UK-focused business to one with international scale and an expanded management team capable of developing the group in North America, UK and Europe and enabling us to provide a broader range of complementary services to a larger combined client base.”
Combined with a strong start to 2022 it is an exciting time for Franchise Brands.