Media Release: Stonehouse on track for £4m turnover

AN Aberdeen-based leasing agency has revealed it is on track to reach a turnover of £4 million for its current financial year, and this is forecast to rise to £5 million by the end of 2012.

Stonehouse Property, which is based in the city’s Riverside Drive, was established eight years ago by Lynne Watson and employs six staff.

The high-flying property leasing agency specialises in new top quality apartments in and around Aberdeen city centre and is currently looking after a prestigious portfolio of properties worth almost £70 million.

For the last three years, the company has achieved double-digit growth in profit and is on target to achieve this again in the current financial year.

Commenting on the growth figures, Stonehouse Property finance director, Ross Murray, said:

“We are delighted to be able to report such a significant increase in turnover over the past three years, despite the reported downturn in the property sector.

“This can be attributed to the expertise within our team, which has allowed us to offer a specialist service for high-end corporate and professional leasing across the city.

“We intend to continue this growth throughout 2011 and have started the year off extremely positively with a busy month, both in terms of new properties and new tenancies. We are on track to achieve 25 per cent growth over the course of the coming year and are currently recruiting in order to ensure our service levels are maintained.”

Notes to Editors

Company background:

Stonehouse Property was established in September 2003 by Lynne Watson and took on its first part-time employee three years later.

Steady growth has led to a payroll of six and recruitment is set to continue throughout 2011.

The agency operates a unique in-house furnishing service which is led by interior designer Evelyn Pethick.

As part of this personal approach, the company provides a ‘turn-key’ package to landlords for maximum investment and minimum fuss.

Stonehouse Property prides itself on delivering a highly efficient and professional service to tenants, landlords and investors. Key to its success is a personal approach, matching the right people to the most appropriate property in and around Aberdeen city centre.

For more information, visit or email

Alternatively, call the Stonehouse office on 01224 466266.

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