All jobs safeguarded at property and lettings business after accountants secure sale

PKF Smith Cooper has successfully advised on the sale of the business and assets of Martin-Saunders Property Services Limited, securing the continued future of the business and safeguarding all jobs.

The business and assets were acquired by Nock Deighton (1831) Limited, an established estate agency, lettings and property management business operating across the Midlands, which has long nurtured a desire to grow its business across South Shropshire and into Herefordshire.

Established in 1998, Martin-Saunders Property Services Limited has built a strong reputation for providing a comprehensive range of property services, including property sales, valuations, residential lettings and property management.

Operating from four high street branches across the region, the business has developed longstanding relationships with clients, landlords and the local communities it serves.

Following a period of challenging conditions across the property market and increasing operational costs, the company sought early specialist advice from PKF Smith Cooper’s Business Recovery and Restructuring team.

The transaction secures the continuity of the business, safeguards all jobs and enables clients and landlords to continue receiving services without interruption.

The current directors are also joining the new company, not only to help with the transition but also to build on the successes achieved to date.

Dean Nelson (pictured), head of business recovery & restructuring, said: “We are delighted to have supported Martin-Saunders Property Services Limited in achieving a successful outcome that safeguards the future of the business and its employees.

“The transaction provides a strong platform for continued service to clients and landlords, while giving the team the opportunity to move forward with confidence.

“This outcome also highlights the value of seeking specialist advice at an early stage, which can help businesses identify and pursue positive solutions during periods of financial pressure.

“We wish the business and its team every success for the future.”

The PKF Smith Cooper team worked closely with Lewis Onions and Lauren Hartigan-Pritchard of Higgs LLP, who acted on behalf of the sellers.