Highlights

  • Begbies Traynor Group acquires Kirkby Diamond for up to GBP 8.25m consideration.
  • Transaction adds five new office locations and 62 staff to Eddisons.
  • Property advisory division increases annualised revenue run rate beyond GBP 50m.

Begbies Traynor Group plc (LSE:BEG) has announced the acquisition of Kirkby Diamond LLP and Kirkby Diamond Property Management Ltd, which trade together as Kirkby Diamond. The transaction has a maximum total consideration of up to GBP 8.25m and will see the business integrated into Eddisons, the group’s real estate advisory and transactional services division.

Kirkby Diamond is a regional real estate consultancy operating from offices in Milton Keynes, Bedford, Luton, St Albans, and Enfield. These locations represent new areas for the enlarged group. As part of the acquisition, all 62 employees of Kirkby Diamond will join Begbies Traynor Group.

Geographic Coverage and Service Reach

The acquisition extends Eddisons’ presence across the M1 corridor, providing broader regional coverage for commercial property advisory services. Since the establishment of the property advisory division through the acquisition of Eddisons in December 2014, the group has pursued acquisitions aimed at increasing scale, service range, and geographic footprint.

Following the completion of this transaction, the property advisory and transactional services division is expected to report an annualised run-rate revenue in excess of GBP 50m, derived from a range of property-related advisory services provided nationwide.

Financial Performance of Kirkby Diamond

For the financial year ended 31 January 2025, Kirkby Diamond reported revenue of GBP 6.2m. On a normalised basis consistent with the group’s reporting, the business recorded pre-tax profits of GBP 1.1m. Trading is expected to remain at similar levels in the current financial year.

As at 31 January 2025, Kirkby Diamond had consolidated net assets of GBP 1.4m, which included net cash of GBP 0.95m. The acquisition is structured on a cash-free and debt-free basis.

Consideration Structure

The consideration includes an initial payment of GBP 5.0m, subject to standard working capital, cash-free, and debt-free adjustments. This amount will be settled through GBP 3.5m in cash, funded from existing group facilities, and the issuance of 1,327,434 new ordinary shares.

In addition, an earn-out of up to GBP 3.25m may be payable in cash. This earn-out is linked to post-acquisition financial performance and includes components based on maintaining current performance levels and achieving higher profit outcomes over the specified period.

Share Price Snapshot

BEG was trading at GBX 107.50 per share, as of 26 November 2025.