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25 Nov 2025 07:00
25 November 2025
Begbies Traynor Group plc
Acquisition
Eddisons expands its property auctions business
Begbies Traynor Group plc (the "group") announces that Eddisons, its property advisory and transactional services division, is expanding its property auction business through the acquisition of Network Auctions, a south east based property auctioneer. The acquisition is in line with the group's strategy to strengthen its service offering and market coverage. The addition of Network Auctions will add scale to our existing auctions business and further develop our national coverage in the south east of England.
The group will pay cash consideration of up to £1.0m (£0.5m on completion with the balance subject to meeting revenue growth targets), payable from its existing financial resources. The Network Auctions team of five will all join the group following the acquisition, and the business generates annual revenue of c£0.6m.
Anthony Spencer, Managing Partner of Eddisons, commented:
"The acquisition of the Network Auctions business expands our existing property auctions team and enhances our coverage across the south east of England. I am very pleased to welcome the team to Eddisons and to the wider Begbies Traynor Group."
Enquiries please contact:
Begbies Traynor Group plc 0161 837 1700
Ric Traynor - Executive Chairman
Mark Fry - CEO
Nick Taylor - CFO
Canaccord Genuity Limited 020 7523 8350
(Nominated Adviser and Joint Broker)
Adam James / Harry Pardoe
Shore Capital 020 7408 4090
(Joint Broker)
Mark Percy / James Thomas / Oliver Jackson
MHP 07595 461 231
Reg Hoare / Katie Hunt / Charles Hirst begbies@mhpgroup.com
Information on Begbies Traynor Group can be accessed via the group's website atir.begbies-traynorgroup.com
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