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News – 10.04.24
Form PF: Are you up to speed with the latest developments?
Through this insight we will bring to your attention the main changes in a bitesize manner so that you can stay abreast of the requirements as they may apply to your firm. … Read more
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Tax relief on heritage assets: Am I eligible?
For assets considered to be of national heritage, relief from Capital Gains Tax and Inheritance Tax is available. … Read more
Upcoming event – 29.04.24
Governance code updates and advice for Further Education colleges from Buzzacott and the ESFA
Join Buzzacott and the ESFA for a governance update for further education colleges … Read more
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enquiries@buzzacott.co.uk T +44 (0)20 7556 1200
Investor: Foxtons Group Plc
Seller: Atkinson McLeod
Type of deal: Acquisition
Sector: Real Estate
Date: March 2023
Foxtons has acquired Atkinson McLeod Limited representing further progress in their strategy of acquiring lettings businesses that deliver an attractive return on invested capital. We are pleased to have provided financial due diligence services along with transaction advisory to help ensure the transaction got over the line smoothly.
Foxtons is London’s most prominent lettings agent with a portfolio now standing at more than 27,500 tenancies.
Atkinson McLeod is a high-quality estate agent with a strong lettings business that generates 90% of its revenues (across c.1,100 tenancies). The company is London based, operating out of 4 offices (City, Canary Wharf, Kennington and Hackney)
Having previously assisted Foxtons with its acquisition of Douglas & Gordon in 2021 and both Stones Residential and Gordon & Co in 2022 it was a pleasure to work again with Chris Hough (CFO, Foxtons) and Andy Bushell (Director, Foxtons) in what was a very constructive process. Our team worked collaboratively with both buyer and seller to ensure a positive result was achieved, clearly explaining the steps and outlining the financial implications of the deal. We look forward to witnessing the continued growth and success of the company under its new ownership.
The Buzzacott financial engagement team included Alex Judd (Head of Transaction Services) and George Thresh (Senior Manager).
To see further transactions in the real estate sector, please see our transactions page.
If you would like to receive notifications of our future deals, or insights from our team on raising finance or selling a business, complete the form below to sign up to our mailing list. You can also leave us a question regarding our services in the text box, and one of our team members will be in touch.
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