Strettons has bought north and east London surveying firm Sbh Page & Read as it seeks to grow its business.
Strettons said the “strategic acquisition” of Sbh strengthened both surveying practices’ coverage and “ability to deliver exceptional value across core markets”.
Sbh has five offices across London and Essex and provides advice to both landlords and occupiers. Key clients include Blackstone, CBRE Global Investors, Columbia Threadneedle, the Greater London Authority and Kennedy Wilson.
Simon Tilsiter, managing director at Strettons, said: “We share the same dedication to delivering outstanding results for landlords, developers, occupiers and investors.
“The Sbh Page & Read team’s expertise aligns with our purpose of using our collective knowledge to provide solutions at the right time to add value and secure a competitive advantage in property for our clients.”
Nick Haywood, director at Sbh Page & Read, said: “This acquisition aligns our sector expertise and market knowledge with those at Strettons. Together, we are positioned to offer deeper insights and superior solutions, benefiting our clients and the communities we serve.”
Talking with EG exclusively last year, Tilsiter revealed ambitious growth plans for the Strettons business, saying he was in talks with three or four companies about potential acquisitions as it seeks to grow to 150 staff.
Accounts for Strettons, filed in December, show an increase in revenue from £9.5m in the year ended 30 April 2023 to almost £9.7m over the same period in 2024. Pre-tax profit nudged up from £35,001 to £38,478 over the year.
In his review of the accounts, Tilsiter said: “Over the past year our business model and revenue streams have once more demonstrated their resilience. Despite challenging economic conditions, government changes and societal pressures, we remained steadfast, prioritising our clients, empowering our team, and supporting our communities.”
He added: “The company remains committed to executing operational and strategic initiatives designed to build a more resilient and balanced organisation. In alignment with these foundational changes, the board has prioritised driving sustainable, organic growth by making targeted investments in key personnel and advanced technology in strategic areas with the dual objectives of achieving superior performance and enhancing cost-efficiency.”
Abrahams Dresden solicitors and Haslers Chartered Accountants advised on the acquisition.
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