LSL Property Services plc acquire another agency
17 November 2015 4195 Views
LSL Property Services plc has announced another lettings acquisition, this time in Elgin and Inverness.
The agency they have bought, PHP Lettings, was originally created in 2002 under the name of PH Properties when owner, Kim Harrison, decided to bring her extensive property management and letting agent experience to a wider audience. PHP Lettings was then incorporated as a limited company in 2008 and since then the agency has grown and successfully managed hundreds of property portfolios for local landlords as well as support tenants in finding rental properties. Kim, along with her husband Gary, have decided, however, that now is the time to sell the business to pursue others interests.
Two members of PHP Lettings staff in Inverness have already transferred to Your Move’s local office and following a full refurbishment of the branch; four members of staff have transferred to Your Move offices in Elgin.
David Brown, Commercial Director for LSL Acquisitions commented:
“This is yet another positive move by LSL in acquiring a highly successful lettings business – this time with two branches in Scotland. PHP Lettings was particularly strong in Elgin and covered a wide geographical area – and to support their existing landlords and staff – as well as continue to use their existing contractors will, we hope, provide reassurances to all. The fact that PHP Lettings staff in Inverness have also already successfully transferred to the Your Move local branch – along with many of their landlords – simply adds to the good news as does our impressive track record for acquiring businesses across the UK. It confirms, once again, our commitment to support owners in either a full sale or when they are simply looking to continue to run their businesses or for future exit strategies. We look forward to reporting on more success stories in the months to come”
Kim and Gary added:
“We chose Your Move because we wanted to ensure that all our landlords, tenants and staff continued to receive the highest standard of service and professionalism which they had always enjoyed with PHP Lettings. We are totally confident they will be looked after by an equally professional, competent and trustworthy team going forward. We have been absolutely delighted by all of the team at Your Move, who have made every step of the transition completely seamless.”
If you are an agent who would be interested in finding out more about the opportunities that exist for acquisition by LSL Property Services plc, please contact Ellie Hall in strictest confidence on 07812 623388.