Stirling Ackroyd, established in 1873, is a well-regarded estate agency with over 35 branches across the UK. Renowned for high standards of customer service, they have been awarded ‘National Large Estate Agency of the Year’ consecutively in 2022 and 2023. The company also provides property surveying services, specialising in residential surveys, including RICS Home Surveys (Levels 2 and 3), probate valuations, and leasehold extensions. Their offices span London, the North, the Midlands, and the South East, serving both residential and commercial clients.
The Challenge
The primary challenge was to save time on manual appraisals, freeing up time for more value-added work. Dean Wood, Commercial Director, and his team faced difficulties with time-consuming, manual spreadsheet calculations, which often contained human errors. The manual processes hindered their ability to provide more value-added work for clients and adapt appraisals quickly.
The Solution
Dean Wood discovered Aprao through a colleague. He now considers it “a godsend.” Aprao's intuitive tool has allowed Wood and his team to present more accurate and presentable commercial valuation reports. The platform's instant PDF generation feature enables the creation of professional-grade reports, fostering stronger outcomes when presenting valuations to lenders.
“Lenders say they’re happy with the service we’re providing, so I think that goes hand-in-hand with the quality of the report, because the quality of the report is based on using Aprao, as our financial analysis goes into the end of the report provided to lenders on projects.”
Dean Wood FRICS, Commercial Director, Stirling Ackroyd
The Result
Stirling Ackroyd Surveyors has created over 150 appraisal reports using Aprao, estimating a 50% reduction in the time required compared to their old Excel methods. The team, dealing with diverse site scenarios from retail units to large residential developments, maintains strong lender relationships due to the efficiency and accuracy provided by Aprao.
About Aprao
Aprao is a cloud-based proptech platform designed for property professionals. It enhances the accuracy, consistency, and efficiency of development appraisals, whether for residential or commercial projects. The software allows users to assess financial viability, calculate residual site value, conduct sensitivity analysis, and generate detailed cash flows, all in a format endorsed by major lenders.
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