The Essex-based financial recruitment firm’s FS registered candidate base, together with company contact details and records, active client list and all terms agreed will be transferred to D&R.
Commenting on the deal, Rico Iheagwara, sales director at D&R (pictured above), said he was excited about further expanding the company’s specialist presence in the South of the country.
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Toni Dines, managing director at Boxtree, said: “From our initial meeting with the D&R team, we have been continually impressed with its approach and undeniable expertise in the lending sector.
“With our clients demanding such a high level of consultancy and delivery, D&R made the perfect and natural choice to acquire the lending division, allowing us to focus on delivering excellence within the insurance business.”
Sean Farnell, financial director and partner at Burgis & Bullock Accountants, added: "It is so excellent to see how Boxtree continues to go from strength to strength, focusing on core activities within the insurance market."
The purchase of Boxtree’s lending division is set to double D&R’s client base, which includes lenders and brokers across the UK.
The recruiter is also looking to double its staff by 2022 to help with the company’s continuous evolution and deal with the increased volume following the acquisition.
The news comes after a period of growth for D&R; In April, it registered a 192% increase in its business targets (the amount invoiced to clients for providing them with candidates).
Currently, D&R has exclusivity for 10 of its 69 broker and lender clients.
D&R focuses on recruitment within the bridging and development lending sectors, with presence in the North and South of the UK.
Update: 16th October 2024
This article was updated to remove reference to someone was not employed by the company.
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