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Highcross buys Kenmore Homes

By Mark Dunne on November 19 2007

Private fund manager Highcross has bought residential development company Kenmore Homes in a deal worth some £20 million.

Highcross’ chief executive, Peter Gubb, said the acquisition moves the group into the residential sector and gives Kenmore the resources it needs to grow.

Following the deal Kenmore’s co-founder, Bill Thomson, resigned as chairman but has been retained as a consultant. Charles Wilkinson and Drew Reid continue as joint managing directors.

Kenmore’s tax adviser was Chiene & Tait.

Edinburgh-based Kenmore Homes was established in 2001 and today has offices in Winchester, Glasgow, Birmingham and Chelmsford. It is currently working on more than 50 projects in England and Scotland and is on target to build some 500 units this year.

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Chiene + Tait is headquartered in the centre of Edinburgh with an office in London. We are one of the leading independent accountancy firms in Scotland and have enjoyed significant success over the years with an impressive client base throughout the UK. In addition to accounting, we offer assurance, personal and corporate tax, management accounts, risk advisory, corporate finance, specialist sector advice, and tax, IT and HR consultancies.

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