Marsh & Parsons chief set to leave, reports suggest
Patrick Littlemore, Marsh & Parsons' CEO, may leave the company just a few months after it was bought by Dexters.
Dexters has refused to deny reports that Marsh & Parsons CEO Patrick Littlemore is set to leave the company.
Littlemore is said to have faced extra pressure on his position since his agency was purchased by Dexters from LSL in January.
Dexters decided to retain the Marsh & Parsons brand name, and announced plans to double the size of the business in line with its own expansion plans.
Littlemore became CEO in 2018 having been with the company since 2006, taking over from David Brown.
He was appointed lettings director in 2011, around the time LSL acquired the company for a reported £50 million.
A Dexters spokesperson says: “Dexters have no comment on this matter. The company cannot and will not discuss any employee contractual matters with third parties.”
Snapped up
Dexters snapped up fellow London agent Marsh & Parsons from LSL Property Services for £29 million earlier this year, making the combined group the biggest estate agent in the Capital.
The deal added 30 offices and over 300 staff to the Dexters portfolio, giving the business an annual turnover of over £180 million and handling over 35,000 property transactions every year.
During the Covid lockdown in 2020, Littlemore tweeted a mock-up advert of a house in Camden Street, Camden Town, with ‘Invaluable’ flashed across the photo in place of a price tag.
