M WINKWORTH PLC (WINK) — Full Year Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the M WINKWORTH PLC full year results investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time by the q and a tab. Sit the right corner of your screen. Simply type in your questions and press send. The company may have been in a position to answer every question received during the meeting itself. However, the company can review all the questions submitted today and publish responses where it is appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Dominic Aghay, CEO. Good afternoon to you, sir. Afternoon. I'm Dominic Aghay, CEO of WINKWORTH PLC, and this is Andrew Niccol, CFO of WINKWORTH PLC. And it's our pleasure to be here to present, our 2023, results. So I thought I'd start by refreshing on the WINKWORTH model for those of you that aren't familiar with it. Established in 1835 as a brand, it started franchising in 1981 and was the first company in The UK to franchise. We've grown from a sort of Central London outwards and now have 98 UK franchised offices. We own three offices ourselves in London, and we have 45 of the of the 98, 56 are in London and 45 outside, predominantly in the Southeast and Southwest. As the nature nature of our our growth means there are some USP in the franchising space is the London coverage, which is fairly irreplaceable. It was done a long time ago when costs were lower for an estate agency to open up in Central London. And our network has really grown off that, say, to markets that affiliate with London. Sellers in, for example, the likes of look to London buyers to buy their houses for premiums, and so the appeal of being WINKWORTH for a later st...