ACQUISITION SERVICES SUPPLIER OF THE YEAR
Challenges & Goals of Selling the Lettings Business
North Wall Property is an award winning estate and letting agency based in Crosby, covering Liverpool, Sefton and the surrounding areas. Built on principles and values, the agency prides itself on keeping things simple and human, with a team bringing more than 50 years of combined experience.
Since launching in February 2021, North Wall grew a lettings and property management business of 107 managed properties, alongside a busy sales operation.
As the business evolved, founder Craig Thompson became increasingly clear about what he wanted North Wall to be. Selling the lettings business would allow the agency to simplify, focus entirely on residential sales and put its energy into the part of the business where it could be genuinely distinctive.
It was important to Craig that the landlords who had trusted North Wall over the years, and the team who had looked after them, were handed over to a buyer who would take the business forward with the same care.
Atomic Consultancy’s Approach
The transaction was led by Jason Davy at Atomic Consultancy, who worked closely with Craig throughout the process.
Atomic valued the business and positioned it as a quality, well managed lettings opportunity in a strong Merseyside market. Pure lettings businesses continue to attract strong buyer demand, and North Wall was no exception, receiving six offers.
Sycamore Property Group was identified as the right buyer to take the managed properties forward.
Atomic managed negotiations and communication between all parties, giving clear and honest advice on where the value was and keeping the deal moving through to a clean completion.