- CEO
- Duncan Morrall Sinclair
- Full Time Employees
- 30
- Sector
- Finance
- Industry
- Real estate development
- Address
- Mountview House London GL United Kingdom N14 6EW
- IPO Date
- Jan 10, 1986
- Business
- Mountview Estates PLC is a United Kingdom-based property trading company that owns and acquires tenanted residential properties in England and Wales, selling such properties upon vacant possession; it operates through Property Trading and Property Investment segments, trading in regulated tenancy residential units, assured tenancy residential units including assured shorthold tenancies, life tenancy residential units, and freehold and leasehold ground rent units, while deriving rental income from these assets and managing them via an in-house team. The company, founded in 1937 and headquartered at Mountview House, 151 High Street, Southgate, London N14 6EW, maintains geographic operations concentrated in London (North and South, comprising over 50% of its trading portfolio), the South East (Bedfordshire, Berkshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Middlesex, Norfolk, Northamptonshire, Oxfordshire, Suffolk), South (Dorset, Hampshire, Isle of Wight, Kent, Surrey, Sussex), North Midlands (Derbyshire, Leicestershire, Nottinghamshire), and the remainder of England and Wales. Its wholly owned subsidiaries, Louise Goodwin Limited and A.L.G. Properties Limited (both acquired in 1999), hold an investment portfolio of 30 residential units in Belsize Park, London NW3, generating rental income with periodic revaluations and potential sales under favorable conditions. In the year ended 31 March 2024, Mountview Estates reported revenue of £79.5 million (up 8% from £73.6 million), gross profit of £48.4 million (up 19.3%), profit before tax of £37.9 million (up 15.6%), and earnings per share of 728.9 pence (up 7.4%), driven by sales of £59.1 million (174 units) and acquisitions totaling £44.7 million across portfolios such as Flag, February, September, Invicta, and Southern 2023; the board recommended a final dividend increase to 275 pence per share (total ordinary dividends of 525 pence, up 5% excluding prior special dividend), appointed Moore Kingston Smith LLP as new auditors following a tender process after BSG Valentine (UK) LLP's resignation due to acquisition by TC Group, and introduced an internal auditor to enhance controls amid evolving UK Corporate Governance Code and listing rules.