Begbies Traynor has acquired Kirkby Diamond Property Management in a deal worth up to £8.25m.

The move will see Kirkby Diamond integrate with Eddisons, Begbies Traynor’s real estate advisory and transactional services division.

Kirkby Diamond is a real estate consultancy with offices in Milton Keynes, Bedford, Luton, St Albans, and Enfield, all of which are new locations for the combined business. The business employs 62 staff will also all join the new group.

In its financial year to 31 January 2025, Kirkby Diamond generated revenue of £6.2m and had normalised pre-tax profits of £1.1m.

Managing director of Kirkby Diamond, Luke Tillison, commented: “Through the quality of our people Kirkby Diamond has built a reputation for placing our clients' interests at the forefront of everything we do. We are excited to be joining Eddisons and the opportunity to develop our offering on a broader basis with like-minded colleagues.”

Begbies Traynor, which specialises in business recovery, financial advisory and real estate services, said its strategy in the property sector is to broaden its service offerings and geographical coverage.

Since the creation of the division through the acquisition of Eddisons in December 2014, the group’s strategy has increased the scale of the division, which following the lates acquisition announced today will have an annualised run rate revenue in excess of £50m.

“I am delighted to welcome Luke and the team to Eddisons,” said managing director of Eddisons, Anthony Spencer.

“The acquisition significantly strengthens our geographical coverage and expertise, consolidating our market position in key industrial locations. Kirkby Diamond is a great fit with Eddisons, culturally and strategically, and I look forward to taking forward the growth opportunities that the deal presents.”

Executive chairman of Begbies Traynor, Ric Traynor, commented: “Kirkby Diamond has excellent relationships with a broad range of clients and a strong track record of growth and we very much look forward to working with them as part of the group.

“The acquisition is in line with our strategy to develop our property advisory and transactional services division by enhancing and broadening our service offerings and geographical coverage. It takes the division to an annualised revenue run rate in excess of £50m derived from a wide range of property services and nationwide coverage.”

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