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12 Sep 2019 | 08:43

HML acquires Thornes Chartered Surveyors for up £470,000

Property management company HML said it had acquired Thornes Chartered Surveyors, a property management for up £470,000 on 11 Sep. HML purchased the business and assets of TCS for £376,000 cash consideration and transaction included additional performance related retention payments of up to £94,000 in total which would be subject to the achievement of certain criteria and be payable 12 months and 24 months from the acquisition date, the company said. 'Prior to this acquisition HML has not been able to deliver the local and personal service that we would have wished to in this area,' the company said. 'We are delighted with the additional regional coverage that TCS will bring to our network of offices.' 'The business is especially significant for the development of HML's lettings operations as TCS has a well-established letting client base that will create further momentum for this growing division,' the company said.

At 8:43am: (LON:HMLH) HML Holdings PLC share price was 0p at 33.5p

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