Bidwells hits £50m turnover for the first time in its history
A strategic focus on the Cambridge-Oxford-London Science & Technology corridor helped real estate adviser Bidwells break the £50 million turnover landmark for the first time in the 180-year history of the business in 2018.
Record results for last year showed turnover at £50.25m – up 4.2 per cent on 2017.
A profit margin of 15 per cent was maintained in a period of economic uncertainty and the year the partnership’s Cambridge HQ was transformed into a fully agile and flexible working environment.
Bidwells remains the second largest independent partnership in the UK and the only one to focus solely on the UK for its work.
The Golden Triangle of Cambridge, Oxford and London remains Bidwells’ primary strategic focus. The region’s economy is being driven by high-growth science and technology industries and continues to post above UK average growth figures, with strong economic growth expected in Oxford this year and beyond.
Patrick McMahon, senior partner at Bidwells said: “Last year we had record profit and this year record turnover. While figures aren’t everything, this is testament to the hard work, great clients and fantastic opportunities we are seeing in the Growth Corridor of Oxford and Cambridge, one of the world’s greatest economic opportunity areas.
“The Government’s promise to invest in infrastructure and housing in the region means that this corridor will create even more opportunities for developers, investors and occupiers alike.
“As the key advisor in this area, we fully believe that Oxford, Cambridge and Milton Keynes will continue to grow well above the average GDP of the rest of the country and that this is an area that will continue to emerge as a global tech cluster in its own right – which is hugely exciting for the UK as a whole.”
The UK’s Forestry and Renewables sectors also look set to play a key role in the Government’s drive for post-Brexit self-sufficiency, with Bidwells’ Scotland teams continuing to capitalise. The multi-disciplinary consultancy has offices in Cambridge, Oxford, London, Milton Keynes and Norwich, as well as four offices in Scotland.
Catherine Spitzer, MD of Bidwells, added: “Breaking £50m of turnover is the headline but by recording another year of good profit it means we have the strength and stability required to continue investing in our people and infrastructure.
“Our move back into a fully agile headquarters has further improved the cross-divisional service we provide to clients and this announcement really kicks off our 180th year in style; giving us confidence and optimism for the near, medium and long-term future.”