It’s being reported that Lomond Group, the chain of lettings agencies owned by a division of Lloyds Banking Group, is likely to be snapped up by a private equity firm.
Lomond Group, reported to be valued at some £100m, was created from the merger of Lomond Capital and lettings operator Linley & Simpson in 2021,. Since then it has used its funding to acquire some 100 small agencies. Its latest, earlier this month, has been Yorkshire independent firm Joplings.
Lomond now boasts 1,200 employees, 42,500 properties under management and some 106 branches under various brand names - Brand Vaughan, John Shepherd, Thornley Groves, Dale Eddison, Julian Wadden, Matthews of Chester, DJ Alexander, Linley & Simpson, Beal, Hardisty & Co, and Michael Jones & Co.
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment