Eddisons Insurance marks seventh birthday with enhanced offering

Eddisons Insurance marks seventh birthday with enhanced offering

 

Coinciding with the seventh birthday of Eddisons’ Insurance team, we have increased the range of services we can offer clients by successfully joining an independent brokers’ network that includes prestigious Lloyds of London.

Clients now have the benefit of an enhanced insurance offering through our access to most key insurers, along with the specialist Lloyds market, which delivers greater collective buying power and a broader range of insurance products.

This initiative reflects the growing needs of our SME clients base, and means that the team can utilise their skills to assist with most classes of insurance and sectors including:

  • Professional Indemnity
  • Motor Fleet
  • Property
  • Commercial Combined
  • Contractors
  • Directors and Officers Liability and Cyber Risks
  • Specialist construction and legal indemnities
  • High Net Worth household insurance

To see how Eddisons Insurance team can assist your business, please contact Nick Towns for more information

 

Written by: Nick Towns on Monday 06/11/2017

 

 

 

 

Manchester Northern Quarter former shoe shop and umbrella factory up for auction

Manchester Northern Quarter former shoe shop and umbrella factory up for auction

 

Among the properties up for sale at Pugh’s auction in Manchester next week will be two development opportunities in the city’s flourishing Northern Quarter. Two former NatWest Bank buildings in Oldham are also due to go under the hammer in the wake of extensive bank and building society branch closures across the region.

A grade II listed 14,000 sq ft warehouse off Cable Street in Manchester’s Northern Quarter is being offered for sale with planning consent for a change of use to redevelop the property as nine residential apartments. In the 19th century the five?storey building was home to T Barlow Brothers Umbrella Factory and it has a guide price of £1.5m.

Also in the Northern Quarter, Oldham Street’s former United Footwear shoe shop will be included in the auction. The 15,000 sq ft building also has a guide price of £1.5m and is described as having development potential.

Pugh managing director Paul Thompson said: “It’s rare for two properties with such great potential in the sought after Northern Quarter to appear in the same auction and they are attracting a great deal of interest from investors across the UK. The area is fast becoming a cultural and economic hub and these two buildings look set to generate substantial returns with the right development.”

He added: “The strong momentum for savvy investors to look to the north for value?for?money opportunities is continuing apace and we’re expecting both our North West and North East auctions this month to be extremely well attended.”

The former NatWest Bank buildings on Hollinwood Avenue in Chadderton and on the High Street in Uppermill, Saddleworth, will also both feature in Pugh North West auction. The guide price for the threestorey, 3,000 sq ft Uppermill bank building is set at £250,000, with the former Chadderton branch guided at £100,000 plus.

“The strong momentum for savvy investors to look to the north for value?for?money opportunities is continuing apace and we’re expecting both our North West and North East auctions this month to be extremely well attended.”

 

Written by: Paul Thompson on Tuesday 10/10/2017

 

 

Eddisons announces three new Directors

Eddisons announces three new Directors

Eddisons, the leading UK surveying practice, have today announced three directors will be joining in September to strengthen its agency and valuations teams across Liverpool.

David Baker, Robert Diggle and Steven Grindley are set to join from Lambert Smith Hampton (LSH), with the trio forming part of Eddisons’ continued investment into its team of property experts – ex-JLL head Mark Stupples was recently announced as a new Non-Executive Board member. This also follows on from the acquisitions of national property and business valuers practice Taylors (now Eddisons Taylors), along with auction specialists Pugh & Co. in 2016.

The property team at Eddisons now extends to over 50 chartered surveyors across the UK.

Speaking of the latest appointments Anthony Spencer, Head of Banking & Valuations at Eddisons, said: “We’re delighted to welcome three talented surveyors to Eddisons in Liverpool; between them they have over 50 years’ property experience, so they bring a wealth of expertise to our valuations and agency teams.

“Building a strong presence in Liverpool forms part of the company’s regionalisation strategy and enhances our ability to offer unrivalled knowledge across a broad spectrum of commercial, residential and specialist sectors.”

  • David – is an RICS Registered Valuer and joins as a Director of Eddisons’ Valuations team with over 25 years property experience in the north west. Previously he was Head of the Liverpool Office for LSH and director in charge of the Valuations team there.
  • Robert – joins Eddisons’ Agency team as a Director. Prior to this he was a Director in the Agency team at LSH, where he provided strategic advice to the occupiers and owners of commercial and residential properties throughout the North West.
  • Steven – is a Chartered Surveyor with 35 years’ valuation experience and joins Eddisons as Director in the Valuations team. He was previously a Director in the LSH Valuation team, covering all types of commercial property, following 7 years at Edward Symmons as Partner and Head of their North West Valuation & Advisory team.

 

Written by: Anthony Spencer on Tuesday 05/09/2017

 

 

Extra Stamp Duty Costs ‘Failing to Deter Landlords from Buying Up Properties’

Extra Stamp Duty Costs ‘Failing to Deter Landlords from Buying Up Properties’

The stamp duty levy introduced almost two years ago by the government in an effort to limit the growth of buy-to-let property ownership in the UK has not yet had the desired effect.

According to analysis of official data, the government’s decision to add 3 per cent to stamp duty charges has only had the effect of significantly increasing HMRC takings in recent quarters, rather than reducing the appetite for buying properties among investors and landlords.

The government’s extra stamp duty levy has been dubbed the “landlord tax” and was announced as official policy during the chancellor of the exchequer’s 2015 Autumn Statement.

The apparent intention of the policy was to provide a disincentive for landlords against buying multiple properties in ways that can ultimately make it more difficult for first-time buyers to make their way on to the housing ladder.

However, in practice, the disincentive seems to have had little impact and is instead understood to have lead to roughly £2 billion more being paid as stamp duty to HMRC during 2016-17 as compared with the previous 12 months.

The analysis that generated those figures was carried out by the accountancy firm Blick Rothenberg, which has pointed out that rising house prices were also partly responsible for the increase in stamp duty payments on a national basis.

“The government will need to urgently consider whether the additional 3 per cent stamp duty policy is helping achieve fairness in the property market, or if it is creating more problems than it is solving,” said Robert Pullen from Blick Rothenberg.

“The policy intention was always stated to be to realign the residential property market to make it fairer for first time buyers.

“It is becoming clearer, however, that as prices continue to rise the measure has succeeded only in generating extra tax for HMRC.”

Blick Rotherberg’s analysis of the UK’s stamp duty situation was based on details of tax revenues taken in this context during the 12 months to July 2017. Those revenues were roughly 20 per cent up on the same figure for the previous year.

The so-called landlord tax was introduced by then chancellor George Osborne in 2015 with the stated aim of preventing landlords from “squeezing out families who can’t afford to buy a home”.

 

Written by: Steven Jones on Thursday 24/08/2017

 

 

Historic Birmingham Greyhound Racing Stadium to be auctioned

Historic Birmingham Greyhound Racing Stadium to be auctioned

The entire contents of one of Birmingham’s most famous greyhound stadiums are to be sold by Eddisons, the UK valuer and asset disposal specialists.

Hall Green Greyhound Stadium was opened in 1927 and in its prime entertained thousands of racegoers. But after dwindling attendances, the 3,000 capacity stadium will be demolished to make way for a new housing development following the final race meeting on July 29.

Lots included in the sale include the catering equipment and furnishings of the Grandstand Restaurant, fast food outlets and hotel facilities, along with a whole host of stadium equipment such as ground maintenance plant and track equipment – including the scoreboard and floodlights.

Kevin McAndrew, Director at Eddisons, said: “I don’t think I’ve ever been involved in such an assorted array of lots; It’s not every day you get to auction the contents of a historic greyhound stadium.”

“The sale includes everything from the contents of the different on-site restaurants and hotel, plus the in-house printers who used to produce all of the stadium’s race programme materials. We anticipate a lot of interest from other dog track owners, along with many local restaurant, leisure, hotel and print operators who are looking to buy or replace their current stock.”

“Hall Green holds a special place in the hearts of racegoers from the region, so we expect there will be many race-lovers looking to secure some stadium memorabilia too.”

Viewings will take place on Monday 14 August between 10.00am and 3.30pm. Bidding on auction lots ends from 10.00am Tuesday 15 August 2017.

To register a bid or for further information, please visit: https://www.eddisons.com/machinery-business-assets/assets-for-sale or email onlinesales@eddisons.com

 

Written by: Kevin McAndrew on Friday 11/08/2017

 

 

Historic Birmingham Greyhound Racing Stadium to be auctioned

Historic Birmingham Greyhound Racing Stadium to be auctioned

The entire contents of one of Birmingham’s most famous greyhound stadiums are to be sold by Eddisons, the UK valuer and asset disposal specialists.

Hall Green Greyhound Stadium was opened in 1927 and in its prime entertained thousands of racegoers. But after dwindling attendances, the 3,000 capacity stadium will be demolished to make way for a new housing development following the final race meeting on July 29.

Lots included in the sale include the catering equipment and furnishings of the Grandstand Restaurant, fast food outlets and hotel facilities, along with a whole host of stadium equipment such as ground maintenance plant and track equipment – including the scoreboard and floodlights.

Kevin McAndrew, Director at Eddisons, said: “I don’t think I’ve ever been involved in such an assorted array of lots; It’s not every day you get to auction the contents of a historic greyhound stadium.”

“The sale includes everything from the contents of the different on-site restaurants and hotel, plus the in-house printers who used to produce all of the stadium’s race programme materials. We anticipate a lot of interest from other dog track owners, along with many local restaurant, leisure, hotel and print operators who are looking to buy or replace their current stock.”

“Hall Green holds a special place in the hearts of racegoers from the region, so we expect there will be many race-lovers looking to secure some stadium memorabilia too.”

Viewings will take place on Monday 14 August between 10.00am and 3.30pm. Bidding on auction lots ends from 10.00am Tuesday 15 August 2017.

To register a bid or for further information, please visit: https://www.eddisons.com/machinery-business-assets/assets-for-sale or email onlinesales@eddisons.com

Eddisons to auction exclusive supercar registration plates

Eddisons to auction exclusive supercar registration plates

 

Eddisons has been asked to sell a collection of exclusive personalised car registration plates by online auction, including a plate linked to the £1m LaFerrari sports car.

The valuable plates, which we are selling on behalf of the joint fixed charge receivers, include the registration LF1 which has a £225,000 guide price. This plate is linked to the 200mph LaFerrari, which has become the supercar of choice for wealthy celebrities worldwide.

Malcolm Good, director of machinery and business assets at Eddisons, said: “We sell a really wide range of assets by auction but these cherished plates are some of the more unusual items we’ve dealt with.

“Some of these plates are linked to a particular exclusive vehicle, such as LF1, which would be perfect for an owner of the limited edition LaFerrari, only 499 of which were ever made. I believe

Gordon Ramsay owns one so perhaps he’d like to put in a bid.”

Other exclusive plates included in Eddisons’ sale are THE 918S, which is linked to the Porsche 918 Spyder, as well as 22 MK, C111 Ron and THE 4888S.

Mr Good added: “These plates would be ideal for someone who owns the relevant top-of-the-range vehicle but they would be also be a great find for someone with the right initials and, as is always the way with auctions and private treaty sales, all sensible offers will be considered.”

The registration plates will be sold by online auction (with the exception of LF 1) – the bidding is now live and closes from 4pm Tuesday 18th July.

 

Written by: Malcolm Good on Thursday 13/07/2017

 

 

Non-executive with significant property experience joins Eddisons

Non-executive with significant property experience joins Eddisons

 

Eddisons, the property services and chartered surveying firm, has announced that Mark Stupples will join the business in a non-executive capacity with immediate effect whilst at the same time being appointed as a non-executive director of Eddisons’ parent company, Begbies Traynor Group plc.

Mark, 55, has spent his entire career in property services. He joined JP Sturge (which became King Sturge) as a graduate trainee in 1984 and was appointed to its UK management board in 2000. He served as UK managing partner from 2008 until 2011, during which he negotiated the sale of that business to JLL (the leading, global professional services and investment management firm specialising in real estate). Following the acquisition, Mark was appointed as JLL’s UK chief operating officer until leaving the business in December 2016 and during this time, he completed and integrated a number of UK acquisitions, including WA Ellis in 2014 and Integral in 2016.

Commenting on Mark’s appointment, Richard Roe, Managing Director of Eddisons said:

“We are delighted to welcome the arrival of Mark to join the Eddisons business as he brings with him a wealth of experience given his senior roles within leading UK property firms. Mark is ideally suited to help Eddisons achieve its ambitious growth objectives and his expertise of managing growing property services businesses and strategic insight will be invaluable as the Eddisons business continues to evolve both organically and through selected acquisition.”

 

Written by: Anthony Spencer on Wednesday 12/07/2017

 

 

Entire assets of high-end women’s clothing manufacturer go up for sale

Entire assets of high-end women’s clothing manufacturer go up for sale

 

The assets of a Chinese-owned clothing factory in Malta are to be sold by private treaty by UK valuer and asset disposal firm Eddisons.

Leisure Clothing, which manufactured women’s clothing for a range of high-end high street brands including Emporio Armani, Jaeger, Hobbs and Karen Millen, produced 20,000 garments a month at its Maltese factory and had a turnover of 5m Euros. Its Chinese parent company, Chong Qing-based CICET, has ended production at the facility after almost 30 years of operation.

Assets at the Leisure Clothing production plant include hundreds of industrial sewing machines, pressing equipment, CNC laying out tables as well as over 5,000 ladies garments, raw material and a fleet of eight vehicles.

Jason Pinder, Eddisons director of machinery and business assets, said: “Leisure Clothing was a long-established supplier to some of the most prestigious names in fashion and as such all the garment making equipment which we are putting up for sale is of extremely high quality. We are looking for a purchaser for the entire collection or significant parts of it.”

 

Written by: on Thursday 30/03/2017

 

 

Flagship Middlesbrough serviced office development up for sale

Flagship Middlesbrough serviced office development up for sale

A town centre serviced office development in Middlesbrough has been put on the market with a £3m asking price.

Cleveland Business Centre, which last year underwent a £1m refurbishment and is in an area close to Teesside Combined Court Centre earmarked for a £68m regeneration initiative by Middlesbrough Council, has seen an influx of new tenants over the past 12 months and is now almost fully let, with just two of its 34 units now vacant.

On the market with Eddisons, the business centre’s £2.95m price tag reflects a yield of 11 per cent on a ‘triple net’ annual rental income of £336,000. The centre covers 31,700 sq ft over three floors and is home to a roll call of professional firms, including lawyers such as Irwin Mitchell, barristers’ chambers and specialist recruitment companies.

Steven Jones, a director in Eddisons’ agency division said: “Cleveland Business Centre is a real success story that has given a boost to Middlesbrough’s fast developing economy. Following its refurbishment, in the space of just a few months it has gone from having only ten tenants to being almost fully let, bringing hundreds of jobs to the town in the process.”

He added: “As Middlesbrough’s digital and knowledge economy continues to go from strength to strength, demand for high quality serviced office accommodation, which fits the bill so perfectly for dynamic smaller businesses, looks set to escalate rapidly. Eddisons is seeing a growing demand for our services on Teesside and we expect Cleveland Business Centre to generate a great deal of interest among investors .”

As well as a new gym for staff and their families, the refurbished business centre also includes conference facilities and on-site car parking.

 

Written by: Steven Jones on Wednesday 29/03/2017