SimplyBiz purchases surveying firm

SimplyBiz Group have completed the purchase of Home Information Group, a surveying firm offering valuation and panel management services.

Related topics:  Finance News
Rozi Jones
5th January 2015
Business Man Handshake

Home Information Group Limited was formed in 2005 and operates under the trading brands of Gateway Surveyors and Sonas Surveyors.

Gateway is a panel manager to the bank and building society sectors and is appointed to all major bank and building society panels, as well as the second charge lending community. Sonas is the company’s in house valuation team, employing 80 fully qualified chartered surveyors.

The management team currently has representation on the Building Society Valuation Panel and the Equity Release Council. The current management structure will remain in place and be joined by SimplyBiz Mortgages CEO, Martin Reynolds and Matt Timmins, Joint MD of the SimplyBiz Group. HIG are the 12th company within the SimplyBiz Group and its third acquisition in the past 12 months.

Martin Reynolds, CEO of SimplyBiz Mortgages, commented:
 
“The acquisition of HIG forms part of our strategy to create a wider financial services portfolio of companies. We believe that the valuation market will have challenges during the next few years and our future investment in HIG will help to proactively position it as a partner of trust. We are looking forward to working with the lending market to create mutually beneficial partnerships.”

Marcus Radcliffe, CEO of HIG, added:
 
“Joining the SimplyBiz Group is an exciting step in growing our businesses to its next level. The combined scale and experience of the Group is a major positive for our future dealings with all lenders and panel manager partners.”

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