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Another acquisition for the Leaders Romans Group as it completes on Essex and Suffolk Lettings in Colchester

October 16, 2019 Grace Watson

The Leaders Romans Group (LRG) has announced the successful completion of yet another acquisition for Leaders Ltd – Essex and Suffolk Lettings, previously owned by Jane Whiteman.

Based on Headgate in Colchester, the single branch lettings agency currently manages over 300 tenancies, with the majority of the portfolio sitting in and around the Colchester area. The entire portfolio will transfer to Leaders’ managed service, doubling Leaders’ local market share.

Leaders is delighted to be welcoming all existing employees to the business and will be working with Jane Whiteman to ensure a smooth handover before she leaves the business to retire from the property industry. The existing Essex and Suffolk Lettings office on Headgate will close and all employees will relocate to Leaders’ established office, just 100yds along the same road.

Matthew Light, Group Acquisitions Director at LRG, comments: “Essex and Suffolk Lettings represents an excellent opportunity to significantly increase Leaders’ market share in Colchester, confirming our position as a leading lettings agency in the area.

“We are thrilled to welcome such a strong portfolio into the Leaders fold, and even more so to be welcoming Essex and Suffolk’s existing staff force. We are confident that business will resume as normal for our acquired landlords and that they will continue to benefit from the excellent customer service that they have come to know and expect of the Essex and Suffolk Lettings team.”

The Leaders Romans Group has now completed on over 150 successful acquisitions, making it the UK property industry’s leading acquirer. Matt advises, “If you are considering selling your property services business, the Leaders Romans Group adopts a hands-on approach to help business owners achieve their objectives. Contact me directly by emailing: mlight@lrg.co.uk”.