30 October 2015 – acquisition
The group has announced the acquisition of North Associates (Cumbria) Limited for maximum total consideration of £5.0m. North provides specialist property asset management consultancy services which maximise the value of land and property for its clients, who include commercial developers, public sector bodies and regional landowners. Only £2.3m is due to be paid immediately with the balance depending on North achieving certain financial targets. The purchase adds to WYG’s status as one of the largest property asset management and planning consultancy services in the UK. The group continues to expand its operations and we retain our recommendation of BUY.