nick dunning associates
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Latest property news
Nick Dunning snaps up London agent Stirling Ackroyd
Six-branch estate and letting agency Stirling Ackroyd has been bought by Nick Dunning Associates, it has been revealed. Stirling Ackroyd was started up in 1987 in Shoreditch and has grown into a major name in London both for residential and commercial property sales and lettings. It currently manages some 1,400 residential properties in the capital. In January of this year the company’s directors met to agree a Corporate voluntary arrangement, which enables companies that are technically insolvent to continue trading by paying back creditors over a fixed period. Stirling Ackroyds most recent accounts are also overdue, according to Companies House. Stirling Ackroyd has branches in Bankside, Clerkenwell, Hackney, West End and Chatsworth Road, alongside its original Shoreditch branch (pictured, above). Stirling Ackroyd Nick Dunning Associates has ambitious plans for the company including a programme of investment in Stirling Ackroyd’s branch network and infrastructure, and an expansion programme to grow the business three-fold in three years both new branch openings and acquisition. This is the third agent brand Nick Dunning Associates has bought this year, following the purchase of Adams Property in Ealing this June and Badger Holding Group, owner of Townends and Regents, in January. “We are very excited about…
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Latest property news
Nick Dunning buys up 26-branch Townends and Regents network
Former Countrywide director Nick Dunning has bought the parent company of high street agents Townends and Regents for an undisclosed sum. The purchase was made through his recently-established company Nick Dunning Associates, which he set up after leaving Countrywide where he was its commercial director. His role there was to run its highly profitable lettings business, but he also operated an aggressively acquisitional programme, buying up 100 businesses during his tenure at the PLC. Nick’s latest business purchase is of Badger Holdings Group, which has 26 branches in London and the Home Counties and two brands. “The Badger Holdings Group is an extremely well run business with an excellent reputation and a solid record of profitability,” says Nick Dunning (pictured). “It is a great platform from which to grow our business in London and the Home Counties. “We will be looking for the management team to drive growth organically in all its business divisions but also through strategic acquisitions and expanding their branch footprint.” Badger Holdings Group’s management team including CEO Seamus Kavanagh will be remaining “to drive the business forward”, says Nick Dunning. Nick Dunning Associates has a sizeable fighting fund to buy up letting agents across the UK…
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