Landwood Group planning new growth phase following management buyout

Landwood Group, the Manchester-based property business, has undergone a management buyout by five directors, for an undisclosed sum.

The directors – Mark Bailey, Richard Parkinson, Helen Jude, Kate Lay and James Ashworth – have acquired the shares of Landwood Commercial (Manchester) Ltd held by MRA Professional Services Group via newco Landwood Group Holdings Ltd.

Landwood Group has seen considerable growth in recent years, which included a merger with Chartered Surveyors, Wignall Brownlow, in March 2023.

The five directors will now focus on the firm’s future growth, with plans to double in size within the next five years, and, as shareholders, develop the current markets they operate in.

Mark Bailey said: “We are very much in growth mode – both building within the markets in which we currently operate and growing into new service areas.

“It has been a pleasure working alongside MRA Professional Services for the last 4.5 years and I thank them for their support during that time.

“However, we are now focused on a future that builds on the strength and depth of our team, of whom we are incredibly proud and will be looking to recruit into new areas to support these plans.”

Corporate finance advice to the management team was provided by Ian Waddingham and James Smith from MHA Moore & Smalley.

Ian Waddingham, corporate finance director at MHA Moore and Smalley, said: “Landwood Group is very well regarded in the property services sector and we’re proud to have supported the management team to acquire the business.

“They have exciting plans for growth, and I look forward to seeing them take the business forward on the next stage of the journey.”

Landwood Group is an asset expert with its team of Chartered Surveyors, project managers, asset managers and auctioneers providing their expertise.

Landwood Group was advised by TLT and specifically thanked Rick Life and Kevin Howard.