Provider: Thomson Reuters Stock Report
Belvoir Lettings PLC: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Belvoir Lettings PLC Announces Acquisition Of Lettings Agencies In Basingstoke And Andover
Belvoir Lettings PLC announced that it has acquired four lettings agencies based in Basingstoke and Andover. The acquisition is of Claygold Ltd (Claygold), which trades as Redwoods from one branch in Andover and three in Basingstoke. The lettings business of Redwoods will be sold on to the two existing Belvoir franchise businesses in Basingstoke and Andover respectively and will increase the size of these two franchises substantially. The vendors who have worked in the business for over 20 years are now retiring. The shares of Claygold were acquired for GBP1.535 million and net assets within the companies are not expected to exceed GBP100k. GBP1.435 million will be ascribed to goodwill. The consideration was paid in cash from Belvoir's bank facilities, other than retentions which will be settled when completion accounts are finalised.
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