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Lomond Capital

lomondcapital.com

Founded Year

2010

Stage

Merger | Merged

About Lomond Capital

Lomond Capital operates in the private rental sector through a buy-and-build strategy of acquiring letting and estate agents and consolidating them. On January 4th, 2021, Lomond Capital merged with Linley & Simpson, terms of the transaction were not disclosed.

Headquarters Location

1 North Charlotte Street

Edinburgh, Scotland, EH2 4HR,

United Kingdom

0131 624 6900

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Latest Lomond Capital News

Further growth for acquisitive Yorkshire estate agency

Aug 19, 2022

19 Aug 2022 Pictured: Will Linley and Nick Simpson An acquisitive Yorkshire estate agency group has reported further growth in its latest accounts, boosted by deals and expansion into the student property market. Founded by Will Linley and fellow director Nick Simpson in Yorkshire in 1997, Linley & Simpson has grown from just two offices and a handful of staff into a team of more than 300 people. It has a network of 23 offices in Yorkshire and The Humber. Recently filed accounts show Linley & Simpson recorded turnover of £15m in the year ending 31 December 2021, up from £11.7m in 2020. Pre-tax profit was £2.81m, compared to £2.86m the previous year, while operating profit before depreciation and amortisation was £4.67m, up from £3.95m. The group completed seven acquisitions during the period, with five share purchases and two trade and asset purchases. It further expanded in the Holme Valley with the additions of Boultons Harrisons Ltd (trade and asset), Lancasters (trade and asset) and Holroyd & Co Estate Agents Ltd (share). It also expanded in Sheffield with the acquisition of Cactus Property Management Ltd, while deals for Moores Estate Agents Ltd and Homes 4 Harrogate Ltd added lettings portfolios in the existing territories of Headingley and Harrogate, respectively. Linley & Simpson also moved into the student property market with the acquisition of Sinclairs Property Developments Ltd in York. The group's residential portfolio increased from 11,477 to 12,515 during the year, primarily driven by its acquisitions. Lettings volumes increased to 5,643 move-ins, up 29 per cent on the previous year, while 1,286 sales transactions were completed, up from 1,008 in 2020. Will Linley, chairman of Linley & Simpson, told Insider: "Our acquisition strategy has continued at pace into the new financial year with three more major acquisitions. These have added around 3,000 homes to our portfolio and consolidated our market-leading position across in-demand cities such as Leeds and Hull. "Further acquisitions are in the pipeline as the letting agency market continues to consolidate. "This year marks our 25th anniversary and the Yorkshire private rented sector is as strong as we have ever seen. As a home-grown Yorkshire business, proud of our roots, we look forward to investing further in the county - and our first-class team of 300 people - during the rest of 2022 and beyond." In 2021, Linley & Simpson became part of the Lomond Group when it joined forces with Edinburgh-based Lomond Capital to co-create a new national lettings and sales business. TAGS

Lomond Capital Frequently Asked Questions (FAQ)

  • When was Lomond Capital founded?

    Lomond Capital was founded in 2010.

  • Where is Lomond Capital's headquarters?

    Lomond Capital's headquarters is located at 1 North Charlotte Street, Edinburgh.

  • What is Lomond Capital's latest funding round?

    Lomond Capital's latest funding round is Merger.

  • Who are the investors of Lomond Capital?

    Investors of Lomond Capital include Linley & Simpson, MML Capital Partners and Investec.

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