Montagu Evans 2024/2025 financial statements: capital raise and leadership change set platform for future growth

In its annual report and accounts published today at Companies House, Montagu Evans has reported total annual revenue from continuing operations of£52.8m and a £13.2m statutory profit in its financial year to 31 March 2025.

In the final twelve months of Managing Partner Rob Bower’s ten-year term, revenue from continuing operations increased £1.2m, up 2%, with services continuing to expand and the fastest growing of its three departments seeing a 13% uplift.

To position the business for future growth, statutory profit was decreased by 7.5% to £13.2m and a number of strategic moves actioned:

• A multimillion-pound capital raise by Partners provided investment capacity for future growth
• The transfer of Montagu Evans’ Property Management business to Savills was finalised in July 2024
• Average profit-sharing Partner (PSP) remuneration increased by 10% to £387k per person, with the highest earning PSP earning £727k
• Employees were allocated 61% of the total partnership bonus pot compared to 56% in the previous financial year
• Investment in people continued
• Inflationary costs were managed

The partnership’s sustainability continued to improve, with emissions falling from 62.1 to 56.7 tCO2e, a 9% decrease compared to the previous year. The firm is committed to net zero emissions by 2050. DEI remained an important focus for the business with Bhavini Shah appointed to the role of Head of Diversity, Equity & Inclusion in September 2024.

Alan Harris became the firm’s tenth Managing Partner on 1 April 2025. He said: “We are proud to be a partnership: home to exceptional people that achieve outstanding results for our clients.

“Following a financial year spent strengthening our foundations, we have become a more streamlined business, unencumbered by debt or external shareholders, with multimillion-pound Partner capital ready to invest.

“Our current position is positive and our focus now is growth. We are seeing greater opportunity in the market, and our ability to unlock value from complexity is increasingly in demand. Investing in talent is a priority, particularly for more Partners and in our key conviction areas of Central London, residential, public sector, and industrial & logistics. We’re pleased to be getting approaches to join our ambitious equity partnership, with its clear growth and client vision, and a number of senior appointments will be announced in H1 2026.”

Working across the private and public sectors, Montagu Evans’ clients are primarily UK landowners, ranging from CBRE IM, Aviva, L&G, Columbia Threadneedle, LandSec, British Land, SEGRO, M&S, Barratt London, Berkeley Group and Taylor Wimpey to government departments, Homes England, NHS Property Services, the GLA, Network Rail, TfL, HS2, local authorities and NHS Trusts.

Since unveiling its growth plans at the start of November 2025, the business has:

• launched its latest research: Unlocking Urban Potential
• helped secure approvals at planning committee for the futures of Earls Court and Highgate Cemetery, and new housing schemes at the Barnsbury Estate, Stratford High Street, Wimbledon Bridge House and on the Isle of Dogs, among others
• supported the GLA in its launch of a Developer’s Toolkit to bring forward new homes across the capital aligning with its advisory work at the Royal Docks and elsewhere
• advised on the sale of One Croydon on behalf of Federated Hermes – a landmark building with significant potential, one of a number of transactions in the last quarter and increased its data centre activity.
• provided extensive advice to business rates clients following the Autumn Budget
• been named an ESG Employer of the Year, announced PAPYRUS Prevention of Young Suicide as its firmwide charity partner for the next two years, hosted Paralympian Oliver Lam-Watson to mark UK Disability History Month, and welcomed a number of team members back to the partnership for its latest alumni event.