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Strathspey Capital has acquired the factoring business of Edinburgh based Aspect Residential Property Management, extending its footprint by 50% to cover in excess of 7,500 properties across the Scottish capital.
 
Strathspey Capital was formed in December 2011 as an acquisition vehicle for factoring businesses aimed at maximising the opportunity for consolidation in this specific area of the property market.
 
The Aspect deal compliments Strathspey’s existing factoring operation - James Gibb Residential Factors. After a brief transition period, the James Gibb and Aspect businesses will be merged and located at James Gibb’s office in Atholl Place, Edinburgh. The combined business will trade under the James Gibb banner.
 
Strathspey’s Chief Executive, Douglas Weir, commented: “This is a very exciting time for us. Since Strathspey’s acquisition of James Gibb Residential Factors two years ago we have achieved significant organic growth, principally the result of our passion and commitment to deliver exemplary customer service and value for money. Introducing the Aspect portfolio will now allow us to embark on the next stage of our journey whilst retaining and further improving our service package.”
 

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