After a hiatus of three years, Mike Richards, founder of Richards Gray, which was acquired by MDA in 2008, has returned to the property search industry.
He has joined former members of the Richards Gray team as chairman of their new venture, Conveyancing Data Services.
CDS is a property search company delivering conveyancing information to the legal property profession.
Richards will be overseeing the strategic direction of the company, using his 22 years’ experience in the property search industry.
Richards began his career providing property searches for conveyancers in 1989 when he set up Richards Gray. After launching the business from his home, he grew the business to become the largest independent supplier of property searches to the UK commercial and residential sector, and he is hoping for similar success with CDS.
CDS was launched last year by Mike’s son Lee Richards, Matthew Joy and Jonathan Stebbings, all formerly of Richards Gray.
The acquisition of Richards Gray, then also a HIP provider, proved problematic for MDA as it happened just as the property market was collapsing. The brand was put on hold for some time, and was then brought back to life as the HIP provider wing of MDA. Its other acquisitions included SearchFlow.
MDA has since parted company with its Canadian parent company, and remains trading in the UK as a property information group.