Following a successful year in 2015-16 we are pleased to announce an increase in turnover to £15m as well as 14 promotions, including eight partners.
The turnover increase can be attributed to the continued successful implementation of our strategic growth plan which saw us open our tenth office in Birmingham. Other regional offices were strengthened by an ongoing recruitment campaign which saw our Teesside office move to new premises at Bowesfield Park, Stockton-on-Tees, and our London team doubling in size.
We have strengthened our agency department in Leeds with the appointment of Tom Goode as surveyor.
Tom joined us in 2011 before going on to to complete a postgraduate conversion degree and gain RICS accreditation. Since 2012 he has held the post of surveyor in our corporate recovery department providing recommendations for recovery strategies to major lending intuitions together with property management, valuation advice and disposals.
Textile machinery and other assets at the former Westwood Yarns site in Holmfirth have been sold, fetching over £1 million in total in an online auction.
The sale was managed by our machinery and business assets team in Manchester, who were appointed by administrators KPMG in December last year. The online auction comprised over 560 lots, and attracted interest from more than 200 registered buyers from as far afield as Turkey, Russia, India, Denmark, Italy and France.
Our Corporate Real Estate department has been instrumental in the sale of a 25,000 sq ft former British Railway Board site in Derby, to the Education Funding Agency acting on behalf of Al Madinah School.
Formerly used by the British Railway Board as a site to develop railway technologies, prior to its privatisation in the 1990s, the Faraday and Harley House site includes a mixture of both clerical and industrial buildings.
Office occupier take-up in Leeds continued to show strong demand during the first quarter of 2016 with the out-of-town market outperforming the city centre for the first time since Q2 2012.