5 Oct 2015 07:46
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Don't have an account? Click here to register.Belvoir Lettings to acquire Goodchilds
Mon, 05th Oct 2015 09:53
(ShareCast News) - Belvoir Lettings will acquire West Midlands-based sales and letting business Goodchilds Estate Agents for £3.26m.The UK-based lettings franchise announced the deal on Monday, which is being partly funded by a conditional placing.The company plans to raise a total of £3.6m for the acquisition and to bolster its working capital.An initial consideration of £1.63m will be paid in cash for Goodchilds, with a £0.81m deferred consideration to be funded from the issue of shares.An additional £0.81m in cash will be paid in two instalments over the next 12 months after the acquisition is completed.Belvoir chief executive Mike Goddard said it's an exciting milestone in the company's growth."Following the acquisition of the Newton Fallowell business in July, this acquisition marks further success in pursuing our multi brand strategy in order to increase market share and geographic coverage."Goodchilds is a clear strategic fit and we are looking forward to welcoming their franchise owners to the Group."
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9 Sep 2015 10:18
Belvoir Lettings interim profit slips as pre General Election slowdown hits revenue
(ShareCast News) - Letting franchise group Belvoir Lettings said its interim profit slid, as a market slowdown had a negative impact on revenue. In the six months to the end of June, the London-listed company posted pre-tax profit of £747,000, a 3.3% decline year-on-year, while revenue slid 18.1% co
Read more8 Jul 2015 15:59
Belvoir Lettings shares fall on acquisition news
Shares in Belvoir Lettings fell after the company said it had acquired East Midlands firm Newton Fallowell and said it would raise more capital. The AIM listed firm was trading at 127p at 16.05, having lost 4.15% since it opened on Wednesday. Belvoir said it had reached a conditional agreement to b
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Belvoir Lettings completes Lettings @ Victoria Mills acquisition
Belvoir Lettings has completed the acquisition of West Yorkshire-based lettings agency Lettings @ Victoria Mills. The firm said the purchase was carried out by the franchise owner of Belvoir Leeds North West, with a £66,000 pound loan provided by the head office and the remainder of the acquisition
Read more10 Sep 2014 15:47
Belvoir Lettings H1 revenue rises due to management fees
UK housing agency Belvoir Lettings saw revenues rise 32%, with management waxing optimistic on the outlook for future demand. UK housing agency Belvoir Lettings saw revenues rise 32%, with management waxing optimistic on the outlook for future demand. Sales for the first six months of the year incr
Read more4 Jul 2014 17:47
Belvoir Lettings buys Maitland Rachel
Belvoir Lettings has purchased lettings and estate agent Maitland Rachel in Hereford. Maitland Rachel will be combined with the franchise owner's current agencies. The acquisition will be financed by a loan from Belvoir head office, funded through existing cash facilities and will more than double
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