RCS - Begbies Traynor Grp - Acquisition

Begbies TraynorAnnouncement

Today 07:02

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251125:nRSY8901Ia&default-theme=true

RNS Number : 8901I  Begbies Traynor Group PLC  25 November 2025

25 November 2025

Begbies Traynor Group plc

Acquisition

Eddisons expands its property auctions business

Begbies Traynor Group plc (the "group") announces that Eddisons, its property
advisory and transactional services division, is expanding its property
auction business through the acquisition of Network Auctions, a south east
based property auctioneer. The acquisition is in line with the group's
strategy to strengthen its service offering and market coverage. The addition
of Network Auctions will add scale to our existing auctions business and
further develop our national coverage in the south east of England.

The group will pay cash consideration of up to £1.0m (£0.5m on completion
with the balance subject to meeting revenue growth targets), payable from its
existing financial resources. The Network Auctions team of five will all join
the group following the acquisition, and the business generates annual revenue
of c£0.6m.

Anthony Spencer, Managing Partner of Eddisons, commented:

"The acquisition of the Network Auctions business expands our existing
property auctions team and enhances our coverage across the south east of
England. I am very pleased to welcome the team to Eddisons and to the wider
Begbies Traynor Group."

 

Enquiries please contact:

Begbies Traynor Group
plc
0161 837 1700

Ric Traynor - Executive Chairman

Mark Fry - CEO

Nick Taylor - CFO

 

Canaccord Genuity Limited
                               020 7523 8350

(Nominated Adviser and Joint Broker)

Adam James / Harry Pardoe

 

Shore Capital
                                             020 7408
4090

(Joint Broker)

Mark Percy / James Thomas / Oliver Jackson

 

MHP
 
            07595 461 231

Reg Hoare / Katie Hunt  / Charles Hirst
                         begbies@mhpgroup.com
(mailto:begbies@mhpgroup.com)

 

Information on Begbies Traynor Group can be accessed via the group's website
at

ir.begbies-traynorgroup.com

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRABABFTMTMTMFA



            Copyright 2019 Regulatory News Service, all rights reserved