Success story: new acquisition to mark 160th anniversary of agency

A north of England estate agency is marking its 160th anniversary with the pledge to announce an acquisition by the end of the year - its third in a decade.

Leeds-based Adair Paxton has £2m turnover and says this will increase 10 per cent in the next 12 months. It is wholly owned by seven directors, employs a team of 30, and handles both residential and commercial property. 

“The residential side has gone from strength to strength over the last few years. We are now the go to agency for large scale apartment developers and regularly win contracts from the national agencies, alongside our traditional work selling homes from our three branches in Horsforth, Leeds City Centre and Adel” explains director Nicola Thompson.

The company has this month held its anniversary celebration at the city’s Corn Exchange. 

“Established in 1859, our business has been at the heart of Leeds’s property market for so many years. Leeds Corn Exchange, which is symbolic within the city, and opened just four years after our business launched, was the perfect venue to host this significant anniversary celebration, with more than 150 respected members of the region’s property community attending. Our firm actually manages the impressive building for its owner” explains another director, Simon Dalingwater.

Adair Paxton also manages Thornton’s Arcade, which is the oldest covered shopping street in Leeds, Carlton Mills Trading Estate in Armley and Roundhouse Business Park, on the outskirts of Leeds City Centre, alongside a large number of residential schemes.