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Begbies Traynor (BEG)

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Friday 01 October, 2021

Begbies Traynor

Expansion of Eddisons operations in Sheffield

RNS Number : 6425N
Begbies Traynor Group PLC
01 October 2021
 

1 October 2021

Begbies Traynor Group plc

Expansion of Eddisons operations in Sheffield

Eddisons, the property services consultancy division of Begbies Traynor Group plc , is pleased to announce the expansion of its operations in Sheffield through the acquisition of the team from Fernie Greaves Chartered Surveyors.

The acquisition will expand Eddisons' presence in South Yorkshire, which provides real estate consultancy services through its existing team headed by Adrian Lunn. The new team from Fernie Greaves, headed by Paul Oddy and George Thompson, will join Eddisons' Sheffield team creating an enlarged team of 13 staff.

The Group will pay a total consideration of £0.25m payable from its existing financial resources. The Fernie Greaves team has typically generated annual fee income of c£0.5m p.a.

Anthony Spencer, Managing Partner of Eddisons, commented:

"The acquisition of the Fernie Greaves team will enhance our existing Eddisons team in Sheffield and broaden our reach across South Yorkshire and the East Midlands. I am very pleased to welcome the team to Eddisons and to the wider Begbies Traynor Group.   

"As we reported in the Group's recent trading update, Eddisons is in a strong position, trading well and we continue to seek opportunities to grow the Eddisons' business, both organically and through acquisitions."

 

 

For further information, please contact:

Begbies Traynor Group plc   0161 837 1700

Ric Traynor

Nick Taylor

 

Canaccord Genuity Limited                                          020 7523 8350

(Nominated Adviser and Joint Broker)

Adam James

 

Shore Capital     020 7408 4090

(Joint Broker)

Mark Percy / Anita Ghanekar

 

MHP Communications                                                  020 3128 8572  

Reg Hoare / Katie Hunt / Florence Mayo

 

 

Information on Begbies Traynor Group can be accessed via the group's website at
www.begbies-traynorgroup.com

 

 

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