• Home
  • Acquisitions
  • LRG announces latest acquisition as it completes on residential sales and lettings agency in Cardiff

LRG announces latest acquisition as it completes on residential sales and lettings agency in Cardiff

January 30, 2020 PR Officer

Leaders Romans Group (LRG) has announced the successful completion of another business acquisition – Moginie James, owned by Nick James who founded the business in 2001 with then-business partner, Peter Moginie.

A residential sales and lettings agency located across three branches in Cardiff, the business also includes a short lets Airbnb-style company created in 2019, called ‘Hello Ted’.

The Hello Ted business, named after Nick James’ much loved dog, is run by two members of the senior management team of Moginie James, who will remain as employees for both businesses.

The existing premises in Cyncoed, Roath and Pontcanna will remain under the Moginie James brand, and LRG is delighted to be welcoming all 44 existing employees to the Group. Nick James will continue to work with LRG on a consultancy basis post-completion.

The acquisition of Moginie James strengthens LRG’s property and professional services in the Region, building on the success of Wales & West Land & Development team, which was established in 2018 under Land Director, Daniel Hodgkiss. Daniel’s team works closely with Boyer, LRG’s established Planning and Design Consultancy who have offices in Cardiff and Bristol, to identify development sites and provide professional advice to landowners and developers across the region.

Matthew Light, Group Acquisitions Director at LRG, comments: “Moginie James represents an excellent opportunity to enter the Cardiff market, extending the geographic footprint of the LRG network into South Wales. Cardiff, provides a significant property base which more than justifies the three branch location that the current business trades from.

“Additionally, the Hello Ted business represents a significant opportunity to grow a short lets business, not just in Cardiff, but also across some of the other cities in which LRG already has a presence. We are delighted to welcome such a strong business into the LRG fold, and even more so to be welcoming all of Moginie James’ existing employees into the Group. We are confident that business will continue as normal for our acquired clients, who will continue to benefit from the excellent customer service that they have come to know and expect of the Moginie James teams.”

Leaders Romans Group has now completed on over 150 successful acquisitions across the UK, making it the property industry’s leading acquirer.

Matthew 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”.