London independent snapped up by fast-growing agency group

Stirling Ackroyd Group has acquired the south east London sales and lettings agency Beresford Residential. 

It has bought the whole business including the branches in Brixton, Camberwell, and West Norwood.  

Stirling Ackroyd Group recently announced the consolidation of its lettings business to standardise processes under the same brand.  

The group plans an increase in the revenue of the branches above the current average of £1m per annum, as well as an increase in market share in 2022.  

Bruce Evans, managing director of group operations, says: “The strategic acquisition of Beresford Residential alongside the three businesses we acquired earlier in the year, are great additions to Stirling Ackroyd and further cements our growing footprint in London and the South East. 

“Each of the businesses is being integrated into our existing branch network and will operate under the Stirling Ackroyd brand as we continue to grow our revenue per branch.”  

Stirling Ackroyd Group has made an average of four acquisitions per year since 2017 and says it has at least four more acquisitions planned in 2022.

Chief executive Nick Dunning adds: “Acquisitions are just one part of our plan as we also look to open 10 offices in strategic locations in London, leveraging the Stirling Ackroyd brand in the right places to underpin our organic growth over the coming 12 months and beyond.”