Allied Surveyors Diligence Ltd announced in the statement that it has agreed a management buy out of the business of Allied Surveyors plc in England and Wales. The MBO team is led by Robert Bryant Pearson, MD of Allied Surveyors Diligence Ltd. Christopher Rispin will be Technical Director of the new businesses.
Whilst Allied Surveyors Diligence will continue to offer panel management, asset management support and specialist services, the actual Residential and Commercial valuation and surveying work will be divided between two subsidiaries, Allied Surveyors Commercial Ltd where the lead director and chairman is Julian Spencer, and Allied Surveyors and Valuers Ltd (for residential) where the lead director and chairman is Stephen Avery.
Professional indemnity insurance for Allied Surveyors Diligence and its subsidiaries has been secured. A new PII validation certificate will follow in a few days.
This however does not affect Allied Surveyors in Scotland because Allied Surveyors Scotland plc was formed as a separate company in 1998.
This restructuring is being put in place with the intention of enabling Allied Surveyors and Valuers Ltd to function entirely separately from Allied Surveyors Commercial which has become increasingly more specialized and detached from the residential arm. Similarly, full devolution for Allied Surveyors Scotland plc will be achieved to reflect the different residential processes created by the Home Report now in place in Scotland.
