Historic firm facing administration snapped up by regional rival
Wright Marshall has been bought by Barnsley-based Petty Estate Agents, which has hired a leading NW industry figure to run the company.
A leading and historic Cheshire estate agency facing closure after another but unrelated part of the business shut up shop has been saved after being bought by another sales and lettings business.
As we reported last week, Wright Marshall was facing a bleak future after its livestock auctions arm was closed down, putting the future of the company’s seven-branch sales and lettings business at risk.
But two of the remaining businesses operated by Wright Marshall have now been acquired by seven-branch Petty Estate Agents based in and around Burnley in Lancashire.
This includes its sales and lettings business as well as a professional services company.
While Wright Marshall has been troubled by its auctions business, Petty Estate Agents has been expanding and now has a 45-strong team.
The company says its new acquisition will enable it become a network of tech-enabled branches across the North.
Peter Barnes (left) who has a track record in local estate agency including Bridgfords in Wilmslow and Andrew J Nowell in Alderley Edge, is to become MD of the newly-acquired business.
“I am hugely excited at the prospect of getting involved in revolutionising a Cheshire institution,” he says.
“Wright Marshall has an established and trustworthy brand, with a great team delivering a fantastic service.
“My priority for the coming months is to embrace the technological developments that Petty have planned, but without losing the personal touch that Wright Marshall has become synonymous with.”
Charlotte Hagan, chair at Petty Estate Agents, says: “Our acquisition sees the merger of two strong heritage businesses, each with outstanding management teams and local and technical knowledge. The expansion into the Cheshire, Derbyshire and Shropshire areas is hugely significant and provides us with an excellent platform.
