Belvoir Lettings acquires four lettings agencies
Belvoir Lettings has acquired four lettings agencies based in England's Basingstoke and Andover.
Belvoir Lettings has acquired four lettings agencies based in England's Basingstoke and Andover.
The UK letting company purchased Claygold, which trades as Redwoods from one branch in Andover and three in Basingstoke.
Redwoods letting business will be sold on to the two existing Belvoir franchise businesses in Basingstoke and Andover. The vendors who have worked in the business for more than 20 years are retiring.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Shares of Claygold were acquired for £1.5m and net assets within the companies are not expected to exceed £0.1m.
"We are delighted to be announcing the acquisition of these four agencies, which have substantially increased our network turnover and addressable market," said Chief Executive Officer, Dorian Gonsalves.
"The transaction opens up opportunities in South England and the home counties, a key strategic territory in our growth plans and is a major step in our acquisition plan."
RD
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Frozen thresholds could push ‘tax freedom day’ to latest date this century
Tax freedom day is the point in the year you stop earning for the taxman and start earning for yourself. A rising tax burden could push it to 12 June this year – the latest date since 1982.
-
Family left with £20k IHT bill because of out-of-date tax advice
Frozen tax thresholds and dated guidance helped drag the estate into an inheritance tax liability despite extensive use of gifting to avoid a bill