Foxtons Group plc (FOXT) Ordinary 1p
Foxtons Group plc is a United Kingdom-based estate agency company. The Company and its subsidiaries are engaged in the provision of services to the residential property market in the United Kingdom. The Company operates through three segments: Lettings, sales, and mortgage broking. The letting segment earns commission from the letting and management of residential properties and income from interest earned on tenants’ deposits. The sales segment generates commission on sales of residential property. The mortgage broking segment receives commission from the arrangement of mortgages and related products under contracts with financial service providers and receives administration fees from clients. The Company provides property management services and corporate services. The property management services include 24/7 services when they rent a property, emergency services, and six months free letting. It also provides technology support throughout the sales and lettings processes.
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