Property services group LSL says it has made progress in restructuring and refocussing its business despite challenging conditions.
The North East-based provider of surveying, valuation and mortgage services is on a mission to simplify its model and protect itself from housing market cycles. Earlier this month it told investors it was moving to franchise its network of 183 estate agent branches as a major part of that process.
Around 143 of the nationwide branches are now trading as franchises with the remaining 40 expected to make the switch soon. LSL says its resulting business - with 62 franchisees operating a network of just more than 300 branches - will be a "leading player" in the sector.
