Results are starting to be published for the 2016 Firstport trading performance.
2016 has been described as a "Period of Post Turnaround Progression!"
Firstport Bespoke (the old Consort property Management) make much of new opportunities for management contract wins from developers and property investment funds.
In essence that is the very business plan that led directly to problems encountered by leaseholders in Firstport managed developments, in that the interest of freeholder/managing agent run contrary to the interest of leaseholder.
Firstport Bespoke are charged with managing the "higher end" developments.
2016, showed a small decline in Firstport Bespoke profits.
In 2015, declared profits were £592,335.
In 2016 decalared profits were £566,677.
Numbers of staff declined as well, falling from 114 in 2015 to 88 in 2016.
What is of especial concern to Firstport management is the decline in the number of developments under their management in 2016.
From a figure of 178 in 2015, the number of developments under Firstport Bespoke management has in 2016 declined to 132.
