LONDON, UK: Belvoir Group (AIM: BLV), one of many UK’s largest property franchise groups, has acquired Mr and Mrs Clarke Limited (MMC) for an preliminary money consideration of £0.2 million and a possible additional deferred element, funded from existing resources.
Mr and Mrs Clarke Limited (MMC) was based in 2015 by Paul and Alex Clarke, providing a specialist concierge-style private property company mannequin through a nationwide community of 10 licensed partners, predominantly in Warwickshire, South Wales, the Midlands and North London.
Mr and Mrs Clarke Limited (MMC) has created a digital-first mannequin centred on being “discerningly different” by promoting homes in a truly beautiful way, with an industry main web site that enables its companions to run their companies successfully with out a High Street office.
With the brokerage mannequin rising inside the property company sector, the important thing strategic driver for the Acquisition is that MMC introduces a high-quality private company mannequin to the Belvoir Group that’s complementary to its existing excessive street brands.
The Acquisition will offer customers a wider choice of how they work together with the Group, while working in a actually similar way as a franchise business. As a half of Belvoir, MMC will profit from a broad vary of skills and experience to support expansion of their community in addition to the credibility of being a half of an established, extremely revered Group.
Executive administrators of MMC, Paul and Alex Clarke, will proceed to handle the enterprise as a half of Belvoir. The acquisition settlement provides for additional consideration payable, on a capped basis, depending on the efficiency of the enterprise throughout the subsequent three years.
Dorian Gonsalves, CEO of Belvoir, commented: “The acquisition of Mr and Mrs Clarke provides the Group with a mannequin new service offering, which will recognise the breadth of methods in which our customers need to work together with their property agent and the different methods in which potential new franchisees or companions need to operate.
“Paul and Alex have created a actually positive, vibrant mannequin that stands out from the crowd. The future success of their enterprise will profit from the credibility that the Belvoir Group can bring and we extend a heat welcome to the MMC team, and look ahead to working alongside their companions to additional strengthen the business’ growth potential.”
Paul Clarke, Managing Director, Mr and Mrs Clarke, commented: “Dorian understood our imaginative and prescient from the phrase go, making this acquisition a pure step inside the evolution of our business. The brokerage style enterprise mannequin is one which is becoming more and more popular inside the UK, particularly in our new versatile working era.
“The alternatives arising from being a half of a Group that’s so skilled in property agency, lettings, franchising and monetary services, are extraordinarily thrilling for our partners, and we will be grabbing the chance with each hands to exceed our plans for additional nationwide enterprise growth.”
www.belvoirgroup.com