Founders:
Simon Blunt
Established:
2011
Investment:
2011
BACKGROUND
๐๐ผ๐๐๐ฒ ๐๐๐๐ฒ๐ฟ ๐๐๐ฟ๐ฒ๐ฎ๐ is one of the leading residential property buying firms in the UK. The company buys all types of properties, no matter what the condition or location. They can buy houses in as little as 7 days and is one of only a handful of firms to be recommended by independent property experts. Zero hassle, no legal fees, no hidden charges.
The business model is to make selling your home fast & easy before instantly relisting and selling for a higher price than purchased for within 1-6 month period. The ability to make a strong markup on each property allows the business to compound growth effectively while providing a value add service to the market and this has proven effective, achieving >ยฃ50m in annual sales.
Why we invested?
Simon is a proven entrepreneur with over 50 years of experience in property trading. We saw a fantastic opportunity in partnering with him to expand and scale the business further, from a regional property company to a national operation.
The short selling cycles, strong margins and high average transaction value combined with the value-add service make a strong investment case that has performed incredibly well to date.
Moving Forwardโฆ
Since Middleton Enterprises Growth Capital investment, HBB has been able to acquire more properties and thus sell a greater volume and deliver solid returns. The business is laser focussed on reducing the time housing stock is held and increasing the volume of deal flow without sacrificing margins. The company has been performing positively for our first investment and weโre excited to see this continue with the stellar team in place.