Sunderland-based ELOPA Ltd appoints Ryecroft Glenton Corporate Finance to advise on the company’s future growth strategy

Ryecroft Glenton Corporate Finance (RGCF) has been retained to support the growth strategy of emerging North East property business, ELOPA Ltd.

Founded earlier this year, ELOPA, which stands for Expert Local Property Agent, is an estate agent and property management company, headquartered in Sunderland.

It utilises a team of local property agents across the North East, who run their own businesses under the ELOPA brand, to provide a unique and more personal service to property buyers and sellers.

Currently with a group of 20 local agents covering towns including Blyth, Darlington, Gateshead, Morpeth, Whitley Bay, Washington and Yarm, each live and work in the areas they cover.

The business combines the local knowledge and personal service of its agents with the efficiencies of its online presence and marketing activities to deliver a strong proposition to clients, which is already attracting a pipeline of new instructions for sales and lettings.

With the support of RGCF, the business aims to deploy a growth strategy to expand its presence outside of the North East and into other regions, initially including, North West, Yorkshire and the West Midlands.

As part of the strategy, RGCF will undertake a fundraising programme to attract investment, which will aid the company’s expansion and recruitment of agents.

Jason Roberts, Operations Manager at ELOPA, said: “We are confident that our approach to the property market will not only be successful in the North East, but enable us to expand into other regions across the country. Initial reaction from customers and our portfolio of North East agents has been very positive and with the support of Ryecroft Glenton Corporate Finance we can deliver strong growth for the business.”

Carl Swansbury, Partner at Ryecroft Glenton Corporate Finance, said: “ELOPA is utilising an interesting business model, combining the best parts of a traditional estate agency, such as excellent one-to-one personal service, with the efficiency and value for money of an online operation. It is a replicable business that has the potential to be successful in other areas of the country and we are looking forward to supporting its future growth ambitions.”