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Agencies & People

Leading ten-branch Welsh estate agency goes into administration

Roberts & Co Estate Agency Limited has called in a business recovery firm following a winding up order filed by HMRC.

Nigel Lewis

estate agency

One of the best-known estate agency firms in South Wales, Roberts,  has called in a business recovery company after going into administration. The company behind the business is Roberts & Co Estate agents Limited which trades as Roberts,

Announced via a small update at the bottom of the company’s website, news of the firm’s problems have become more widely known after worried staff talked to a regional newspaper about fearing for their jobs.

Christopher Brooksbank, of business recovery firm O’Haras, subsequently told the South Wales Argus that he had been appointed by the company.

“At present, we are actively looking for a purchaser for all the shops,” said Mr Brooksbank. “All shops are open, all staff are in employment, and there have been no redundancies.

“We’re looking to get [the business] sold as a going concern,” he said. “Anybody interested should contact me as soon as possible.”

Roberts & Co, which recently rebranded to Roberts Estate Agents, has been a high profile estate agency for many decades and has ten branches around Gwent including a head office in Newport.

Winding up order

The administration follows a winding up order filed by HMRC at the Insolvency and Companies Court on Wednesday morning.

Just under 15 months ago Roberts sold its lettings book to Connells agency Peter Alan along with 17 staff, saying at the time that it would use the funds raised to invest in, and expand, its remaining sales operation.

In April the company made arrangements to stabilise its financial position with a funding company and also a factoring firm but failed to lodge accounts last year and has already missed one deadline for filing paperwork at Companies House.

Interested buyers should contact Mr Brooksbank via email at [email protected]

February 14, 2020

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