Chartered surveyor firm acquired as group extends reach into South Yorkshire

Eddisons, the property advisory and transactional services division of Begbies Traynor, is expanding operations in Sheffield by acquiring Mark Jenkinson & Son, a firm of chartered surveyors with a focus on property auctions.

The addition of Mark Jenkinson & Son, which has been in business in Sheffield for over 125 years, strengthens the Eddisons auction team, currently trading as Pugh & Co. Both firms are due to be integrated under the Eddisons branding.

The acquisition sees the further expansion of Eddisons’ Sheffield office, which was launched in 2021 and bolstered by the acquisition of Fernie Greaves later that year.

Begbies Traynor Group will pay a total cash consideration of £400,000, payable from its existing financial resources.

The Mark Jenkinson & Son business generates annual fee income of around £1m.

Anthony Spencer, managing partner of Eddisons, said: “The acquisition of the Mark Jenkinson & Son business will enhance our existing property auction team and grow our successful team in Sheffield and South Yorkshire.

“I am very pleased to welcome the team to Eddisons and to the wider Begbies Traynor Group.”

Pugh director Paul Thompson said: “It’s great news that Mark Jenkinson is now part of Eddisons. By combining two highly respected auction houses we will be able to offer an unrivalled service to clients, with an excellent geographic spread and depth of professional expertise and experience.”

This follows a number of recent acquisition for Eddisons including South Coast-based Daniells Harrison and Midlands firm Budworth Hardcastle in the past year.

The firm now employs over 350 staff across 25 offices, offering a full range of property services including agency, auction, valuation, property management, lease advisory and building consultancy.

Adrian Little, senior partner at Mark Jenkinson & Son, added: “We’re pleased to be joining Eddisons and to be working with Paul and the rest of Eddisons’ Sheffield colleagues, building on the successes and momentum that they have already achieved and continuing to drive the business forward in South Yorkshire.”