Leaders
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Leaders continues on expansion trail
Leaders further increased its regional footprint by completing the acquisition of Southend-based Tudor Estates last week – keeping the firm’s expansion plans on course. The deal to acquire Tudor Estates, which was founded in 1959, comes just weeks after Leaders absorbed another Essex company into its national network. More Estate Agents, with branches in Clacton, Colchester, Chelmsford and Braintree, joined the organisation in January. This is Leaders’ third acquisition this year following a busy 2015 in which it spent over £25 million on 11 acquisitions and 32 new branches. Leaders now have 118 branches in total, including five in Essex. “Adding a fifth branch to our growing presence in Essex is fantastic news. We believe the county is home to an important property market with plenty of potential, Kevin Shaw (left), National Sales Director at Leaders, said. He added, “The Tudor team has gained a tremendous reputation in Southend over many years and we look forward to building on this. This acquisition gives us a chance to extend our coverage in Essex and roll out our range of services to more sellers and landlords.” The entire Tudor team has opted to remain with Leaders, and Luke Chiddicks, Sales Manager at…
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Agencies & People
Leaders expands into Essex
Leaders has added five new branches to its network following the acquisition last week of More Estate Agents in Essex. The deal gives Leaders their first ever branches in Chelmsford, Braintree, Colchester, Dovercourt and Clacton-on-Sea; the company’s total network now spans 115 offices across the country. “We are delighted to have taken our first steps into Essex, which we believe to be an important and prosperous market,” said Kevin Shaw (left), National Sales Director at Leaders. “We have been known for our expertise in the lettings market for more than three decades and in recent years our sales business has also grown at a rapid rate, giving us a similarly strong reputation in this area. This acquisition will allow us to continue to roll out our range of services to sellers and landlords,” he added. Many of More’s members of staff, including Co-Owner Dean Phillips, will remain with the firm, having joined Leaders under the Transfer of Undertakings (Protection of Employment) Regulations 2006, otherwise known as TUPE. This should help Leaders get off to a strong start in developing their sales service in Essex, according to Shaw. Leaders’ arrival in Essex comes on the back of a busy 2015 in…
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Agencies & People
Leaders moves into Warwickshire
Leaders has continued its expansion with the addition of two new branches in Leamington Spa and Kenilworth after completing the acquisition of Heritage Property, which traded from premises in the two Warwickshire towns. A total of 11 new businesses and 32 additional branches have been secured by the company over the course of 2015 – meaning the last 12 months have been its most active yet in the acquisitions market. The Leaders network now spans some 113 branches across the UK. This year’s acquisitions mean that Leaders now has a presence in 22 counties, having moved into Worcestershire, Leicestershire, Derbyshire, Nottinghamshire and Warwickshire for the first time this year. The company now has in excess of 45,000 tenanted properties on its books and handles in the region of £28.5 million in rent every month. Matthew Light (left), Acquisitions Director at Leaders, said, “We have spent more than £25 million on acquiring new businesses this year, which has helped to take our branch network beyond 100 locations. “With so much experience in this area, more vendors are now viewing us as the perfect acquirer of their company when they decide to sell. We have shown we always deliver on our promises,…
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Agencies & People
Leaders continues to grow
Leaders, one of the UK’s largest estate and letting agents, has further increased its regional footprint by completing the acquisition of Simply Lets Ltd in Worcester and Bromsgrove last week – keeping the firm’s expansion plans on course. Leaders acquired Simply Lets after its previous owner Jon Sugden decided to sell his business and exit the letting industry altogether in order to pursue other interests. Sugden (left) said, “After deciding to sell the company, it was important to me to leave my landlords, tenants and staff in the safest possible hands. That’s why I chose to sell Simply Lets to Leaders, which has the expertise, experience and resources required to deliver a great service.” This fresh acquisition by Leaders follows on from the purchase of Andrews Snape & Co in Bournemouth and Cullen Homes in Manchester last month. Matthew Light (right), Acquisitions Director at Leaders, said, “We are delighted to welcome all our new customers and employees who have transferred from Simply Lets, Andrews Snape & Co and Cullen Homes. “These acquisitions have added new branches in key locations in which we previously had no presence, as well allowing us to grow our portfolio in some of our existing markets…
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Agencies & People
BUY BUY BUY!!! Leaders, Romans and Connells complete acquisitions
Leaders has acquired Home Counties estate agency Aston Mead in a deal which brings it additional branches in two new areas, taking it past the 100 branch milestone. Aston Mead trades from Epsom, Walton-on-Thames, Weybridge and Woking where Leaders will be merging the business with its existing, well established branches; as well as from Sunningdale and Chertsey which are new areas for Leaders and will take the firm to just over 100 branches. Leaders passed another significant milestone recently when it welcomed its 1000th member of staff following the acquisition of IMS Letting in Derby in June. Matthew Light (left of the main picture), Leaders’ former finance director who recently took up the new role of acquisitions director, said, “We extend a very warm welcome to all our new staff and clients who join us from Aston Mead, and a special welcome to our new team in Sunningdale, which is our 100th branch.The Romans Group has acquired Meldrum Salter Edgley in Guildford and Connells Group has snapped up another lettings business a – Cartwrights in Stafford. Meanwhile, Romans’ decision to buy Meldrum Salter Edgley fits in with the firm’s expansion strategy, and follows on from the acquisition of James Griffin…
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Agencies & People
Leaders completes major acquisition
Leaders has completed the purchase of Derby-based letting agent, IMS Lettings Limited, in its largest acquisition deal to date. The decision to buy IMS Lettings Limited follows Leaders’ recent purchase of Nottingham property sales and lettings firm PWR in April and significantly extends Leaders’ branch network in the East Midlands. IMS, which has been established for over 10 years, has offices in Derby, Duffield, Belper, Borrowash and Long Eaton. All the members of staff at IMS have joined Leaders under the Transfer of Undertakings (Protection of Employment) Regulations 2006, otherwise known as TUPE, whilst the firm’s vendor, Chris Griffin, has exited the company to focus on other business interests. Commenting on the sale of IMS, Griffin (right of the main pic) said, “I am confident that the business I have built over the last 10 years will have a secure and successful future as part of Leaders. In choosing a company to sell to it was crucial to me that my clients and staff would be well looked after and that the business would continue to be run in line with the high standards I have set and maintained over the last decade. “I know that with Leaders there will…
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