ZPG’s purchase of software company Expert Agent earlier this month has been called in by the Competition and Markets Authority (CMA) and is now under review, prompting shares in ZPG to drop this morning.The CMA has served an initial enforcement order to ZPG under section 72(2) of the Enterprise Act 2002.The announcement was made by ZPG this morning, saying that “having been informed of the review and the order ZPG is now engaging in a consultation with the CMA and will make a further announcement in due course”.The move has been widely anticipated within the industry after ZPG acquired Expert Agent – which trades under the name Websky Ltd – from private equity firm Metropolis. It in turn bought the company off founder Mike Griffiths in 2004.The ZPG acquisition of Expert Agent gave it a substantial slice of the UK agent software market, as it had already bought Property Software Group in April 2016.PSG at the time of acquisition by ZPG claimed to be used by over 40,000 estate agent letting agent branches across the UK, while Expert Agent is used by over 2,500 branches.The CMA has been in the warpath within the property industry of recent, fining four estate agents in Burnham on Sea a total of £370,000 over an illegal price-fixing cartel in the seaside town, and is now offering £100,000 rewards to agents who report similar anti-competitive in their areas.PSG CMA Competition and Markets Authority Expert Agent Zoopla March 31, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » ZPG purchase of Expert Agent to be reviewed by competition watchdog previous nextAgencies & PeopleZPG purchase of Expert Agent to be reviewed by competition watchdogShares in the group drop after announcement first thing this morning.Nigel Lewis31st March 201702,568 Views
shop to make money, not only need to have a good business strategy, but also need to have a correct business address. Some people choose to shop like some people have been assured that the flow of the old campus, while others like the new district. So, the new district to make money?
a new residential community, often a new business highlights. First of all, regardless of the number of small, everything needed is almost the same, and usually the basic everyday food and clothing entertainment is required. But most shops did not rise, this time ahead of investment, the district will be able to harvest gold.
secondly, the new residential district, said there are many new residents, and the new home needs to buy a lot of things. For daily necessities and not easy to carry items such as cereals and fruits, such as the area of store sales, as long as the price is not too expensive, few people will be far away.
third, the first occupation of the market is also easy to establish feelings and customers, train old customers and repeat customers, enhance competitiveness. If the money is not enough to open a shop, even the first to reform a tricycle or business stall, can get a good income.
in a new B area, there is a restaurant just opened when it settled, because it is a new community, has just moved in many households, there is a large part of your friends and family to celebrate the best wishes for your new home for dinner. This restaurant spotted the opportunity to launch a housewarming party". And not only is a B community, there are many new residential areas near.
has not been around the same type of hotel, the competition is not as intense as the mature community, so this restaurant has become the most distinctive in this area, one of the best reputation. Because this restaurant service is very good, very unique dishes, near several area residents regardless of their families or friends will come to dinner at this restaurant, a fixed customers, and even a lot of people come to visit.
this example shows that the new community is a very broad prospects for development, but this does not mean that the store must avoid mature or must be in the new district.
is not suitable for many shops in the area open, such as bars, disco, KTV and other cultural and entertainment business is not suitable for many places of entertainment, noise and serious nuisance, because many people will also influence hybrid community safety, so they will be forced to move do not move out of complaints from residents.
this kind of shop in the site should be careful to avoid because of the improper location of the lead time and effort to make up for, and the needs of different communities are not the same, the population structure of the new district is often not obvious. If the location of the store is primarily aimed at young people at the beginning, the results will be found when the population is growing