Agencies & People
News covering the businesses, activities, people and personalities in estate agency and letting agency and wider residential property industry.
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Two former LSL executives snap up 39 Your Move and Reeds Rains branches
David Newnes and Nigel Favas have set up a new company to operate the offices as franchisees.
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D-Day for Countrywide approaches as full-year results date is set
Company says it will reveal the full details of its 2018 performance on 7th March after which directors will be quizzed during a live video conference.
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Four-branch Mullucks Wells joins Hunters franchise network but remains ‘independent’
Directors of Mullucks Wells will continue running business but branches and its website are being re-branded as 'part of Hunters'.
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Latest Your Move and Reeds Rains branch closures are in North East, reveals LSL
Company says that although half a dozen branches are closing, 11 enlarged 'keystone' branches are to be established.
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Emoov administrator realises just £465k to return to creditors
Administrator James Cowper Kreston reveals creditors owned £15.6 million and details of mounting losses at firm towards end.
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Letting agency director faces jail after admitting running brothel
The 42-year-old boss of a letting agency in Hertfordshire has pleaded guilty to running a brothel within a property he rented off his own company. Sunil Mehta is a director at sales and lettings firm SureLet (Hemel Hempstead) Ltd which trades as Sure Sales & Lettings and which is part of a 15-branch national franchised network. The company’s website says he joined the business after a career in banking in London working for Morgan Stanley, and was instrumental in setting up the Sure franchising network with a family member. Mehta, along with 40-year-old madam Graziela McNamee ran the brothel within an apartment at Evans Wharf (pictured, above) in the historic riverside village of Apsley just outside central Hemel Hempstead. Proceeds of crime In a separate case during 2017, McNamee was convicted of running several brothels in London’s City financial quarter and last year was ordered to pay back £300,000 following a Proceeds of Crime Act hearing. Her and Mehta’s unusual business operated between June 1st, 2016 and April 5th, 2017 after which the two were arrested by Hertfordshire constabulary police officers. An investigation by the force discovered that Mehta had rented the property from SureLet under a pseudonym, Steve Denton.…
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Back in black: Sanderson Young returns to form after a difficult five months
Following a financial saga that nearly saw the company bought by rivals after an HMRC winding up order, business is back to usual.
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Purplebricks share price tanks after shock exit of CEOs and revenue warning
News that its chiefs in the US and UK are to leave the business, and struggling revenue growth, rattle City investors.
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Purplebricks’ bosses in the UK and US quit at the same time as revenue target slips by 20%
Hybrid agency says Lee Wainright and Eric Eckardt are to leave the business soon as predicted turnover for year slips significantly.
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One of oldest estate agents in the UK sells up to local rival after 229 years in business
Two-branch Exeter firm Force & Sons has been trading since 1790 but current family owners have decided to leave the industry.
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