M WINKWORTH PLC (WINK) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the M WINKWORTH PLC Interim Results Investor Presentation. Tonight's recorded meeting. Attendees will be in listen only mode. Questions can be submitted at any time by the Q and A tab situated in the right hand corner of your screen. Just simply type in your question and press send. The company may not be in a position to answer every question received during today's event. However, we'll have the ability to publish responses where appropriate to do so on the investment company platform. Before we begin, we'd like to submit the following poll. I'd now like to hand you over to the executive management team, Dominic Andrew. Good morning to you. Good morning, everyone. I'm Dominic Eggies, CEO of WINKWORTH. I'm Sandra Nicholl, the CFO of WINKWORTH. It's a pleasure to be here again to talk through the first half results of 2025. So let basically look further ado, we'll start the presentation. So really for those of you, some of you have been on these presentations before, but sort of for those that haven't, we always do a little recap of the model just to give this sort of fundamentals. WINKWORTH is franchising model. It was established in 1835, which is hundred and ninetieth year, but it didn't franchise until 1981, which was actually the first time I'm stating to be franchised in The UK. So it was a trailblazer in that regard. Today, it stands with 100 UK franchised offices 57 of which are in London 43 outside of London and three of which we own and are in London. The model itself grew out before anyone else started franchising as a result, grew from London outwards. That in essence is it's a defining characteristic to a large extent. It has this network of 57 offices that grew at a time when it was affordable to grow offices as independent ...