By Kristy Dorsey
Glasgow-based factors Taylor & Martin are projecting continued growth with the number of units under management expected to double to approximately 3,000 within the next two years.
Following its recent expansion into Edinburgh, where David Jones has been appointed to head up East Coast operations, the property management firm was appointed to the Bonnington Mill development of 49 riverside flats. Back in Glasgow, Taylor & Martin has been appointed by Drum Property Group to the G3 Square development of 108 luxury units in Finnieston.
With these and other contracts in the pipeline, co-founder Michael Martin said the firm has good visibility on how growth is likely to unfold. While the current restrictions on construction activity will inevitably delay new start dates, management fees are expected to rise to approximately £750,000 within the next two years.
“We are pretty fortunate in that we have been relatively unaffected by coronavirus in our day-to-day operations,” Mr Martin said.
“In fact, since we have gone into lockdown, we have had three or four new business enquiries. It is quite nice to still be getting enquiries amid all this negativity.”
Employing six people, Taylor & Martin was set up in 2013 by Mr Martin and Marc Taylor. Mr Taylor is also the owner of Tay Letting, the rental and investment agency that currently has 1,000 properties under management.
They founded Taylor & Martin after a developer asked whether Tay Letting would be willing to take on the factoring for some of its high-end properties. Since then, the firm has achieved an average of 50% growth year-on-year.
“As we looked in it more and more, we saw that there was a gap in the market for that kind of tailored service,” Mr Martin said.
“We’ve been encouraged that our growth has come not just from developers who put their trust in us from the beginning of a project, but clients with a factor in place who are looking for a more cost-effective and personal alternative to their current service.”
David Jones has joined Taylor & Martin as a senior associate, having previously been a property manager at both Hacking & Paterson and James Gibb.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here