All of the Goldridge de Beauvoir staff have joined Savills Private Finance (Channel Islands) Ltd. The new company will continue to advise in all the same areas of mortgages, insurance, investment and financial planning, as before.

Savills Private Finance is part of the Savills Group, the international property consultants. Savills Private Finance has 20 offices across the UK, employing more than 200 staff.

Simon Dice, Chairman of Savills Private Finance (Channel Islands) Ltd, commented:

"Savills Private Finance is delighted to finally have a presence in the Channel Islands. We have been keen to establish an office here for some time to take advantage of the many opportunities available. Goldridge de Beauvoir was the obvious choice for us because of its leading market position and the strong relationships it enjoys with lenders and clients alike."

David Merrien, Managing Director of Savills Private Finance (Channel Islands) Ltd, added:

"We are delighted to have been approached by one of the leading independent UK mortgage broker with the name and reputation that Savills enjoys. We welcome the takeover as it will enable us to increase our market share in both residential mortgages and commercial lending across Guernsey."

(May 2006)