RCS - Begbies Traynor - Expansion of Eddisons operations in Sheffield

Begbies TraynorAnnouncement

01/10/2021 07:00

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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
(https://protect-eu.mimecast.com/s/QTo1CDkAwsjRm7KhkGb5R?domain=urldefense.com)

 

 

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