Latest acquisition makes 2015 a record-breaker for Leaders

Tue 08 Dec 2015

Leaders has continued its successful expansion with the addition of two new branches in Leamington Spa and Kenilworth, making 2015 a record year for growth.

The sales and lettings specialist recently completed the acquisition of Heritage Property, which traded from premises in the two Warwickshire towns. It has now been absorbed into the Leaders network spanning some 113 branches across the UK.

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.

Such an impressive rate of expansion means Leaders now has a presence in 22 counties, having taken its first steps in Worcestershire, Leicestershire, Derbyshire, Nottinghamshire and Warwickshire this year. The firm now has more than 45,000 tenanted properties on its books and handles approximately £28.5 million in rent every month.

Matthew Light, acquisitions director at Leaders, says: “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, offer a smooth and simple due diligence and legal process and achieve high staff retention.

“2016 promises more of the same, with our plans for expansion shaping up to be more ambitious than ever. We are actively seeking lettings and sales businesses across all areas of England and Wales, so any owners who are thinking of selling over the next 12 months should get in touch to find out how we can help them achieve their goals.”

Heritage Property was owned and operated by Richard Hill and his wife Jane since 2001. They chose to sell the organisation to pursue other interests.

Mr Hill says: “Selling our business of almost 15 years was clearly a tough decision, but once we had made it we knew we had to find a buyer that had the resources, expertise and experience required to continue to deliver a great service to all our sellers, landlords, buyers and tenants.

“Leaders has completed a number of acquisitions in recent years and has the experience to make the process an incredibly smooth one for vendors such as ourselves. I am also sure it is the perfect name to take the Leamington Spa and Kenilworth branches to the next level.

“I'd like to take the opportunity to sincerely thank all our clients who have supported us over the years, as well as all our lovely staff, both past and present, who have helped us on our journey. It's been a pleasure to work for you - or with you - all, so thank you very much indeed."

To contact your local Leaders branch, click here.