Belvoir Group PLC's (AIM:BLV) Dorian Gonsalves talks to Proactive London about their latest acquisition of the entire issued share capital of White Kite Holdings 2021 Limited and its two subsidiaries, White Kite Limited and Nicholas Humphreys Franchise Limited for £4m.
Nicholas Humphreys operates a national network of estate and lettings agents trading through 18 franchised and three corporate-owned offices as well as student lettings, giving an overall revenue split of 87% lettings and 13% sales.
The firm says its portfolio of 6,510 managed units provides a strong underlying recurring revenue stream.