Manchester’s Begbies Traynor completes acquisition of Leeds chartered surveyors

Manchester-based professional services consultancy Begbies Traynor has announced the completion of its acquisition of Leeds’ Eddisons Commercial.

Eddisons, which was founded in 1844, is a leading UK firm of chartered surveyors, offering a wide range of specialist services to banks, insolvency practitioners, and owners and occupiers of commercial property.

Last week, Begbies Traynor announced a dip in profits due to difficult market conditions.

Ric Traynor, executive chairman of Begbies, said: “We are delighted to have completed the earnings enhancing acquisition of Eddisons today.

“The acquisition enables the Group to utilise Eddisons’ expertise in the valuation and disposal of property and business assets on its existing caseload and to market the Group’s enhanced competencies and service offerings to its combined client base, including banks and other financial institutions.

“We look forward to supporting Eddisons in the next stage of its development as part of the enlarged group.”