Acuitus has increased its share of the commercial auctions market to almost 30%.
The company’s market share crept up by six percentage points to 29.7%, while its sales increased by 18.8% to £286.7m. Eddisons London turned in a 36% sales decrease.
Allsop stayed on top of the table, raising £449.7m in 2015, but posted a 14.2% year-on-year decrease. Its market share dropped from 52% to 46.6%.
Duncan Moir, Allsop’s commercial auctions partner, said: “The major decrease in the volume of stock from receivers had a significant effect on our commercial sales volumes in 2015.
“The reduction, by more than £45m, accounted for the majority of the adjustment.”
Some permitted development properties were sent to residential auctions or private treaty “to find the best buyers”, he added.
Acuitus chairman and auctioneer Richard Auterac said that to have achieved a 30% market share in five years was “rewarding” and “a vindication of the faith we had in our buying and selling clients as well as ourselves at the time we set up Acuitus.”
He added: “We wanted an intelligent and personal relationship with our clients, so that we could treat each client’s needs in a flexible and effective way.”
The average lot size among the top auction houses was £377,921, and the average success rate 86.1%.
