In House to make Breatheasy deal

The Board of Warrington–based property broking and letting group In House Group Plc has agreed to take a 75 per cent interest in Breatheasy Finance, a Cheshire firm that identifies housing stock at below market value with a view to achieving strong rental yields.


The Board of Warrington–based property broking and letting group In House Group Plc has agreed to take a 75 per cent interest in Breatheasy Finance, a Cheshire firm that identifies housing stock at below market value with a view to achieving strong rental yields.

The Board of Warrington–based property broking and letting group In House Group Plc has agreed to take a 75 per cent interest in Breatheasy Finance, a Cheshire firm that identifies housing stock at below market value with a view to achieving strong rental yields.

Terms have been agreed with a proposed purchase price of up to £200,000 to be settled in an all-share deal. In House Group has issued 50 million shares to settle a £25,000 payment for a three-month exclusivity period.

The deal is currently at the due diligence stage.

In House posted a loss of £786,000 to the year ended 30 April 2008, compared with £960,000 during the same period last year.

To boost revenues the group has been in negotiations to acquire property management companies. The Group has also raised £165,000 through convertible loans for working capital.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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