Property specialist Bellrock buys Summers-Inman for undisclosed sum

Property consultant Bellrock has bought Newcastle-based cost consultant Summers-Inman for an undisclosed sum.

As well as QS work, Summers-Inman carries out project management and building surveying while its clients include Pepsi, McDonalds and Philips.

In its last set of results for the 11 months to March 2024, the firm, which employs around 130 people, improved turnover by 9% to 拢12m with pre-tax profit jumping 44% to 拢2.6m.

summers

Summers-Inman was founded in 1920

Founded in 1920, its sectors include healthcare, education, heavy industry and residential. The firm, which is led by managing director David Cronje, has eight offices including London, Leeds and Manchester.

Bellrock said the deal was part of 鈥渁n ambitious ongoing M&A programme鈥� which last month saw it buy AI firm WiggleDesk for an undisclosed sum.

It added: 鈥淸Summers-Inman] will sit within Bellrock鈥檚 consulting services. It鈥檒l add considerable regional expertise in locations like the Midlands, the North, Scotland and London. By opening up new sectors and regions, the move strengthens Bellrock鈥檚 ambition to become a top 15 building consulting business.鈥�

In it last set of results, Bellrock, which trades as Bellrock Property and FM and was founded in 2003, posted revenue of 拢149m in 2023, a rise of 19%, although it made a pre-tax loss of 拢1.9m. It employs around 2,000 people with offices in London, Leicester, Sheffield and Bristol.

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