TPFG choose B-hive Block Management Partners for its Franchisees

Having recently announced a Financial Services contract and some excellent trading results, TPFG have now opened the door for their Franchisees to add Block Management (BM) services to their proposition using B-hive.

The brands are Martin & Co, Ellis & Co, C J Hole, Whitegates, Parkers and EweMove and several of their offices are already trained and at advanced stages of commencing trading.

Gareth Samples, CEO of TPFG said “In the same way most estate agents have over the years added Lettings and Financial Services to their service offering, we believe that with the right partner Block Management is the next discipline that will be added. BM is a fragmented market best served by local operators.”

B-hive is the Partners division of HML Group, block management specialists who manage over 85,000 units in England and Wales. B-hive is not an outsourced service provider, it operates independently from HML but benefits from all of the compliance, training and central services that a block manager of this size needs to stay on top of everything.

David Brown, former LSL veteran and CEO of Marsh & Parsons said “I’ve been consulting for HML/B-hive for 18 months now, helping them get this proposition right for agents. It’s now got proof of concept, is a fixed £ fee model and allows the Partner Agent to trade using their own brand. B-hive provide training, software, service charge accounting, marketing support, compliance and help winning new business.”

More and more agents are moving into the Block Management space and as a result of this B-hive have also provided due diligence services to a growing number of agents who have been eyeing up acquisitions in this space.