M WINKWORTH PLC (WINK) — Full Year Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the M WINKWORTH PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time via the q and a tab situated on the right hand corner of your screen. Just simply type in your questions and press send. Before we begin, I'd like to submit the following poll. And I'd like to hand you over to Dominic Aege, CEO. Good afternoon, sir. Hi. I'm Dominic Aege, CEO of WINKWORTH, and this is Andrew Nichols, CFO of WINKWORTH PLC. I'd be delighted to be here to talk you through twenty twenty five results. So without much further ado, this slide is really for those of you that don't know us, just sort of how the model works. We established in 1835, a 190 years old, and we celebrated that last year. We have a 103 offices. We have two owned offices, 46 in The UK, and 59 offices in London. The oh, this one. Sorry. Sorry. There's the model works that we charge 8% of gross revenue of the franchise network. We aim to provide a platform for an independent business to operate in the top three in their marketplace. We do that because we believe that makes them durable in all markets, maintaining profitability and able to invest and evolve themselves. Part of that platform, we provide all the services that an estate agent manager of a corporate agency would expect. So from marketing to training to digital to compliance knowledge and regulations, all the things at the end of the phone that they were used to, he had happened in the phone with us. As a model, we take options on the premises, so we don't take leases ourselves, and the contract is ten plus ten years personally guaranteed by the franchise. So straight into 2025 and the operational overview. We had first ...