Latest news with #LuisGuarin
The Herald Scotland
12 hours ago
- Business
- The Herald Scotland
Scottish auction house on course to hit record turnover
Since Prime Property Auctions was set up in 2022 by Glasgow businessmen John Morris and Luis Guarin it has seen revenues build consistently, with the current financial year 'promising to be the best yet'. Turnover at year end October 31, 2024 was £1.5 million which represented 90.5 per cent growth on the firm's first year, at £764,700. The trajectory for the same time this year is sitting at £2.4m, and is 'buoyed by a strong performance' from the turn of the year. READ MORE: Housebuilding giant purchases land in Scotland Plans for homes in Scottish village Prime offers listings on commercial, residential and land and operates throughout Scotland as well as England and Wales from its headquarters in West Regent Street in the centre of Glasgow. It has a database of more than 20,000 buyers with more than 600 auction lots sold in the UK since 2022. Mr Morris said: 'When Luis and I started out on this journey our intention was to demonstrate that auction is a route that people can go down for selling property. Not every property is appropriate for auction but it does serve a purpose and is becoming increasingly popular as is evidenced by our strong financial position as we move through our current financial year. 'Our growth has been pretty much organic and based on referrals, which is very pleasing and shows that people put their trust in what we do – and that is selling their property quickly for the price they want. 'We have doubled in size every year but we are not stopping here. We are consistently investing back into the business, including our systems and staff. We have grown steadily since forming and we want to continue that trend. 'With the people we have working for us and the application we all put in, we are confident that is going to happen. This is only the beginning of what is going to be an exciting journey.'
Scotsman
2 days ago
- Business
- Scotsman
Record £2m growth on cards for property auction house
Prime Property Auctions, a leading Scottish auction house, is set to register record growth for the third year in a row since its formation. Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Set up in 2022 by Glasgow businessmen John Morris and Luis Guarin, the firm has seen revenues build consistently, with the current financial year promising to be the best yet. Turnover at year end 31 October 2024 was £1,457,187, which represented 90.5 per cent growth on the firm's first year (£764,700). Advertisement Hide Ad Advertisement Hide Ad Buoyed by a strong performance since the turn of the year, trajectory for year end 31 October 2025 is sitting at £2.4m. Popular: Luis Guarin (l) and John Morris. Prime offers listings on commercial, residential and land and operates throughout Scotland as well as England and Wales from its headquarters in West Regent Street in the centre of Glasgow. It has a database of more than 20,000 buyers with more than 600 auction lots sold in the UK since 2022. Director John Morris said: 'When Luis and I started out on this journey our intention was to demonstrate that auction is a route that people can go down for selling property. Not every property is appropriate for auction but it does serve a purpose and is becoming increasingly popular as is evidenced by our strong financial position as we move through our current financial year. 'Our growth has been pretty much organic and based on referrals, which is very pleasing and shows that people put their trust in what we do – and that is selling their property quickly for the price they want. Advertisement Hide Ad Advertisement Hide Ad 'We have doubled in size every year but we are not stopping here. We are consistently investing back into the business, including our systems and staff. We have grown steadily since forming and we want to continue that trend.
