Carlisle group acquires Newcastle Internet auctioneers
Last updated at 11:34, Thursday, 07 March 2013
The Carlisle based H&H Group has today announced the purchase of Newcastle auctioneers James Sutherland & Co Ltd.
The business specialises in valuing and selling machinery, vehicles and stock by auction on behalf of Liquidators, Administrators and Bailiffs across the North of England.
This acquisition adds to the H&H Group portfolio of companies, establishing it as one of the foremost auctioneering businesses in the North of England and the South of Scotland.
The H&H portfolio includes auctioneering, chartered surveying, estate agency, insurance, financial services and printing.
Brian Richardson, Chief Executive of H&H explains the reason for this latest purchase: “The business fits well with our existing auction businesses which include Livestock, Motor Auctions and Auction Rooms. It offers us potential to grow further and fits with our strategy of growing our businesses.”
Paul Roberts, the previous owner, will stay on as a consultant and Martin Cassidy, who is the General Manager, will continue running the Newcastle office and the business will be overseen by Graeme Hall, Director responsible for specialist auctions who is based in Carlisle.
Mr Richardson added: “In recent years James Sutherland & Co has developed its business to embrace modern technology. They have a very strong online presence and are very involved in internet auctions - this is one specific area we are looking to develop across the Group in the future. We also see great potential to extend the customer base across to the west of the country”.
James Sutherland and Company started as an auctioneering business in Newcastle in 1919 and now acts on behalf of its corporate clients from the Tees to the Tweed.
This has remained a family firm and the present directors include Judith Roberts who has been with the firm since 1973 and is a member of the Sutherland family.
The H&H Group shares a history with its latest acquisition, with its origins in auctioneering - it began as a farm auctioneer and is still renowned for its experience in this sector today.
Profits rose 23% last year and it has invested some £1.65 million in continuing to improve the company. During the same period it increased its workforce by 12.5% and it currently employs over 280 members of staff.
First published at 11:25, Thursday, 07 March 2013
Published by http://www.in-cumbria.com
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