Birmingham consultancy CPBigwood is bought by Shepherd Direct group

“2016 is going to be an exciting year for us,” said Mr Daly.

“This marks the next step in the evolution of CPBigwood and will further enhance our position as a major player in the auctions and residential service-charge-management sectors.

“Rest assured the day-to-day operations will remain the same and you will continue to work with the same staff who are committed to our core value of delivering a professional and first-class service to all our clients.”

Mr Daly added: “The operations of both groups overlap without competing, and by working together we will be able to secure additional benefits and operating efficiencies.”

He said the sale of Birmingham-based CPBigwood to Shepherd Direct would boost not just auctions and property management, but also the firm’s commercial agency, residential sales and lettings, professional services and building surveying work.

“Being part of SDL will provide a significant boost to the CPBigwood business and allow us to accelerate our growth plans,” said Mr Daly.

“We look forward to the exciting times ahead and to continuing to work with all our valued clients and business associates”.