Another independent snapped up by fast-growing franchise agency

A branch of Northwood has snapped up an independent agency.

Bassets Lettings, which is based in Salisbury, was set up in 2002 by David and Mary Clayton and has a portfolio of 412 managed properties. It’s now been acquired by Stuart and Maryam Calvert, owners of Northwood Salisbury.

Stuart Calvert says: “I have been with Northwood since 2003, working my way up to office manager within a year and buying the Northwood Southampton franchise in 2006. Northwood Southampton has consistently grown over the years and now has a team of 10 staff. 

“In 2015 my wife Maryam and I opened a brand-new Northwood Salisbury office on Castle Street, Salisbury, which now has a team of four staff and is run by Maryam on a day to day basis. We are delighted to have completed on the acquisition of Bassets, which is a very successful family-run independent business with a superb reputation as an honest and transparent lettings business.”

The entire staff at Bassets will remain in place. 

Calvert continues: “The advantage of this acquisition for Bassets will be access to Northwood’s fantastic resources … This acquisition will also further strengthen our property management service in the Hampshire and Wiltshire area. With four offices now in Southampton and Salisbury we are well equipped for future growth and are actively looking for new acquisition opportunities.”

Northwood MD Phil Gee adds: “I would like to congratulate Stuart and Maryam on this fantastic acquisition. They are a wonderful couple and brilliant business owners. Their offices are already amongst the most successful in the Northwood network and this acquisition will further raise their profile in Salisbury. It will also put Northwood in an incredibly strong position in the local area and provide landlords and tenants with access to superb levels of customer service. I wish them every success for the future.”