Connells Group
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| Limited company | |
| Industry | Real estate |
| Founded | 1936 (Luton) |
| Headquarters | Leighton Buzzard, Bedfordshire |
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Area served
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United Kingdom |
| Parent | Skipton Building Society |
| Website | http://www.connellsgroup.co.uk/ |
Connells Limited, trading as Connells Group, is a British estate agency and property services company headquartered in Leighton Buzzard, and a subsidiary of Skipton Building Society. Connells Group has around 500 branches across the UK and operates under brand names including Connells, Allen & Harris, Bagshaws Residential, Barnard Marcus, Brown & Merry, Fox & Sons, Jones & Chapman, Manners & Harrison, Roger Platt, Shipways, Swetenhams, William H Brown, Sharman Quinney, Peter Alan and Burchell Edwards.
History
In 1936 the first Connells estate agency branch was opened in Luton, Bedfordshire.
In 1969 Connells' estate agency branch network was acquired by the Constantine Group.
Connells listed on the London Stock Exchange in 1984.
Connells was acquired by Scottish Widows in 1991. In the same year, Connells acquired the western division of Prudential Property Services', increasing its number of branches to around 150.
In 1996 Connells was acquired by Skipton Building Society which bought a major shareholding in the company alongside Connells' senior management.
In 2000 Connells played a leading role in the launch and development of Rightmove.
Connells acquired Sequence estate agency in 2003, increasing its estate agency network to around 500 branches. In the same year Connells acquired the estate agency Sharman Quinney.
In 2006 Rightmove plc floated on the London Stock Market valuing the business at £400m. Connells Group owned 29% immediately prior to floatation
In 2007 Connells Group acquired shares in the Asset Management Group (AMG) and The New Homes Group.
In 2008 Connells Group sold its remaining stake in Rightmove plc.
In 2010 Skipton Building Society acquired 100% of Connells Group. In the same year, Connells Group acquired major shareholding in Vibrant Energy Matters, a provider of Energy Performance Certificates, formed a strategic relationship with online property services company Zoopla, and established Redstone Wills.
In 2011 Connells Group acquires shareholding in the conveyancing and remortgaging panel management services provider LMS Group. In the same year, Connells acquired independent estate agency Burchell Edwards including conveyancing firm Be Legal.
In 2012 Connells acquired a strategic stake in Hearthstone Investments plc.
In 2014 Connells Group acquired the Peter Alan chain, which operates in south Wales, from the Principality Building Society.[1]
Operations
Connells Group provides residential property sales and lettings services, mortgage services, conveyancing, EPCs, surveying, corporate lettings, asset management, land & planning, LPA receivers, auctions, wills, insurance and relocations.
Connells Group's subsidiaries include Conveyancing Direct (property lawyers), AMG (Asset Management Group), Connells Survey & Valuation, The New Homes Group (including New Homes Mortgage Helpline, New Homes Part Exchange and Independent Mortgage Helpline), TM Group, Vibrant Energy Matters (an EPC provider) Redstone Wills, Just Wills, LMS (a conveyancing and remortgaging panel management provider) and Hearthstone Investments.
References
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