Foxtons Group plc (LSE:FOXT) acquired ludlowthompson.com Ltd from private individual shareholders for £10 million on November 7, 2023. The purchase consideration is on a cash and debt free basis. Of this total consideration, 1.5 million is deferred for a period of 12 months subject to the business delivering against certain performance targets. The acquisition will be funded through the Group's existing cash resources and existing 20m revolving credit facility. For FY ended 2022, Ludlow had revenues of £7.3 million and profit after tax of £0.1 million.

Foxtons Group plc (LSE:FOXT) completed the acquisition of ludlowthompson.com Ltd from private individual shareholders on November 7, 2023.