Eddisons adds NW auction centre

CHARTERED surveyors Eddisons has continued its growth strategy with the purchase of Philip Davies & Sons, one of the UK’s leading independent firms of plant, machinery and business asset valuers.

Eddisons has completed the deal for an undisclosed sum. All staff from the London, Stockport  and Nottingham offices of Philip Davies & Sons will join Eddisons, increasing the headcount in its machinery and business assets department to 27.

The acquisition means Eddisons now has an auction centre in the North West servicing this region and the Midlands, in addition to its existing facility covering Yorkshire and the North East, which opened at the start of this year.

The Stockport-based auction centre is located at the Whitehill Industrial Estate, Reddish.

Nigel McDonald, managing director of Eddisons, said: “This acquisition increases our geographical footprint and means we can now provide banks and insolvency practioners with valuations and sales of assets, stock and properties on a truly national basis.

“It is also good news for clients of Philip Davies & Sons who will benefit from our significant range of specialist property services and exposure to an enhanced auction capability.”

Peter Davies, managing director of Philip Davies & Sons, said: “I am really excited at the prospect of joining our two businesses together to provide a complete service to our combined client base.

“I look forward to working with the staff of both companies to make a real success of this acquisition.”