BidX1 announces acquisition of Essex-based auction house Dedman Gray Auctions

BidX1 Acquisitions Limited (“BidX1”), the leading digital auction platform backed by Pollen Street, has entered into contracts to acquire Dedman Gray Auctions Limited (“Dedman Gray”), an Essex-based auction house.

Founded by Michael Gray in 2008, Dedman Gray has built a strong reputation for delivering exceptional service in residential, commercial, and land sales across Essex. Its consistent growth and trusted market position make it a key regional player in the property auction sector.

BidX1 is an end-to-end property marketplace that digitalises the entire property transaction process across UK, Ireland and Cyprus. Combining deep property expertise with proprietary technology, data analytics, and a global buyer base, BidX1 streamlines the auction process to deliver greater transparency, speed, and efficiency for both buyers and sellers.

The acquisition represents a significant step in accelerating the digitisation of the UK property auction market. Dedman Gray’s local expertise and network, paired with BidX1’s technology-driven platform, create a complementary and scalable model. The combined Group is well positioned to continue expanding market share, supported by rapid technology adoption, a growing network effect, enhanced data insights, and enduring demand for real estate assets from institutional and retail buyers.

Jonathan Fenn, CEO of BidX1, commented:

“We are thrilled to welcome Dedman Gray into the BidX1 family. Dedman Gray’s unrivalled local reputation and strong client relationships make them an ideal partner as we continue to scale our presence across the UK market. This acquisition highlights our commitment to ensuring traditional auction expertise works in modern-day property trading.”

Mike Gray, Managing Director and founder of Dedman Gray, added:

“In recent years we have established a reputation for achieving strong auction results throughout the East Anglia region for all sectors of the property market. We are looking forward to taking Dedman Gray Auctions to the next level with increased market share whilst still delivering a high-level service to both our buyers and sellers. This is a very exciting time for the experienced team at Dedman Gray.”

Patrick Carey, Investment Director at Pollen Street Capital, commented:

“We are delighted to support BidX1’s acquisition of Dedman Gray Auctions. This transaction reinforces our conviction in backing ambitious companies who embrace the use of technology to deliver better customer propositions. We look forward to partnering with the Dedman Gray leadership and BidX1 team to deliver enhanced value for customers.”