StockMarketWire.com - Begbies Traynor Group has announced its first property services acquisition since it entered this market with the acquisition of Eddisons in December 2014. The group has acquired the entire issued share capital of TBS&V Limited, which trades as Taylors Business Surveyors and Valuers for a maximum consideration of £1.85 million. The 20 strong team, including management, will be integrated with the Group's existing Eddisons property services consultancy.

Taylors was established in 1992 and specialises in providing commercial business and property valuations for secured lending purposes on a nationwide basis, on behalf of a wide range of financial institutions, including all of the major high street banks. In the financial year ended 31 March 2015, Taylors reported annual revenue of £1.5 million and pre-tax profits of £0.2 million. It had gross assets of £0.6 million as at 31 March 2015.


At 8:22am: [LON:BEG] Begbies Traynor Group PLC share price was -0.12p at 42.88p



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