Andrews sells it surveying business to SimplyBiz after shifting “core focus”

Britain’s most ethical estate agency group, Andrews, has sold its chartered surveying business to The SimplyBiz Group for an undisclosed sum. Andrews says that after much research, it believes SimplyBiz is a suitable buyer because it shares the “same moral fibre”. Landmark, which turns over approximately £5 million a year according to its latest full-year accounts and achieved a profit margin of 13.5% or £675,700, no longer fits into Andrews’ “core focus”, says Group Chief Executive David Westgate. Landmark is based in Bristol and will transfer over to SimplyBiz without the loss of any of the 55 people the company employs, Andrews has confirmed. The SimplyBiz Group is a rapidly-expanding umbrella company for a range of services and financial products including mortgages and pensions to financial advisers It was launched in 2002 and now claims some 3,500 clients. Within its latest accounts published in July last year Landmark reported that its profits were down 3.5% and turnover by 2%, largely due to the EU Referendum in June 2016, which “considerably affected volumes”. Landmark was set up ten years ago by Andrews and, after at least six years of losses as it gained traction, began making profits four years ago. “Landmark…