26 May 2022
We are delighted to have added another 1,600 properties to our portfolio after sealing the major acquisition of Larards Lets, operating in East Yorkshire.
The deal doubles the number of homes under our management across Hull and the wider East Riding of Yorkshire.
With its local property roots stretching back more than 130 years, Larards' headquarters is in the town of Hessle, around five miles west of Hull's city centre on the North bank of the River Humber.
We will retain this office as well as the full team of 15 people, as the rental portfolio seamlessly transfers over.
Our CEO, Nick Simpson, said: “The Larard name is part of a dynasty that has been synonymous with the Hull and wider East Riding of Yorkshire property market for well over a century.
“We are thrilled to welcome a company with such a pedigree into the Linley & Simpson family, as well as all its high-calibre people who will remain their current clients’ first point of contact.
“Since we opened our doors in Hull three years ago, the region has represented a major acquisition focus for us. Its appeal for landlords and tenants continues to increase and it regularly ranks among the most-improved cities in the UK to live and work.
“Its population stands at its highest for more than two decades, with most growth in the number of people in their mid-20s to mid-30s – an age group particularly attracted to the advantages of renting.
“Against this backdrop, we are eyeing further acquisition opportunities in the area. That underlines the confidence we have in investing in its future, and consolidating and widening our presence there.”
With the exception of student lets, Larards Lets handles all types of residential property from individual units to purpose-built blocks of apartments.
Founded all the way back in 1896, F A Larard & Sons traded throughout the 20th century primarily as a highly-regarded residential rent collection company.
When the Larard family’s connection with the ownership and running of the business came to an end in 2003, its long tradition was maintained as Larards Lets under the stewardship of new proprietors and directors Glen and Kay Welbourne, and Lesley Ormston. All three remain working as consultants to support the smooth integration of their clients and staff into the Linley & Simpson business.
Founded by Will Linley and Nick Simpson in 1997, Linley & Simpson has grown from just two offices and a handful of staff, to a network of 23 High Street branches spanning Yorkshire and The Humber and a team of more than 320 people.