Thu, 23 Mar 2023 | BUSINESS NEWS
Property service firm The SDDE Smith Group is on course to quadruple its 2021 turnover by the end of this year after making a series of acquisitions. The company, which is based in Teesside, has worked alongside accounting firm Anderson Barrowcliff to make three acquisitions during 2022 and 2023.
The SDDE Smith Group provides end-to-end services to clients in the real estate industry. The group includes such brands as WOODSmith Construction, Grey-Smith Legal and holiday home business Host and Stay.
In the fourth quarter of 2022, the company acquired Cochranes Law Firm, bolstering its existing legal offering. This year, so far, it has added property technology firm ResiCentral and Teesside estate agent Selwyn Hedgley.
The group says that these acquisitions have created 15 jobs and will push its turnover to £25 million by the end of 2023, more than quadruple the £5.3 million it generated during 2021. The company says that it is already working alongside Anderson Barrowcliff to identify its next acquisition.
SDDE Smith Group owner Dale Smith said: “Thanks to successful acquisitions we are continuing to grow our portfolio and increase our revenue each year, without compromising on the high quality full service offering we provide for our real estate clients.”
“All of the acquisitions were managed by our accounting partner Anderson Barrowcliff, who offers a real hands-on, value driven, approach in getting transactions over the line. Within each deal they’ve shown their commitment to the SDDE Smith Group time and time again and we’re already working with the firm on sourcing our next acquisition.”
Anderson Barrowcliff partner James Dale added: “Business is ultimately people-focused and we strongly believe in providing to our staff the best possible working environment and the opportunity to develop first class advisory skills. This naturally cultivates a strong work ethic and the great working relationships we have with our clients.”
“We’ve been working with the SDDE Smith Group since early-2022 and for us these aren’t just ‘acquisitions’, they’re key steps in our client’s overall growth model and goals for the business. We’re currently making inroads with a fourth acquisition and look forward to assisting the Group in building its portfolio in-line with ambitious company targets.”
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