Leeds property firm grows through acquisition

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Begbies Traynor Group, parent group of Leeds based Eddisons property services, has acquired the entire issued share capital of Taylors Business Surveyors and Valuers for a maximum consideration of £1.85 million. The 20 strong team, including management, will be integrated with Eddisons property services consultancy.

Taylors, which was established over 20 years ago, is reported to have had gross assets of £600,000 and, according to their 2015 accounts, turnover some £1.5 million with pre-tax profits of £200,000. The company specialises in providing commercial business and property valuations for secured lending purposes, on behalf of a wide range of financial institutions, including all of the major high street banks.