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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Staffordshire agency opens new branch
Staffordshire agency, Dourish & Day was set up by experienced property professionals Steve Dourish and Jeremy Day in March 2017.
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Martin & Co. Bedford branch franchise has new owners
The Bedford branch of Martin & Co. has new owners who have extensive experience in retail and commercial banking.
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Industry’s woolly, mammoth, Xmas charity fundraiser!
Estate agents across the UK embraced the Save the Children charity's Christmas Jumper Day fundraising event on Friday.
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Central London estate agency snaps up property management firm
Prime Central London agency, Pastor Real Estate, has announced it has acquired a property and block management company as part of their ongoing plans to expand their business throughout London.
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Purplebricks CEO reveals he spent life savings to get firm off the ground
Michael Bruce says investors were reluctant to put money into the then start-up until he showed the colour of his own money.
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Purplebricks share price plummets AGAIN to historic low
The Purplebricks share price has taken a hammering over the past week as investor jitters sent it plummeting by 26% prompted by bad news from Brexit, eMoov and its latest results. Its share price began at £1.70p on Monday morning, dropping dramatically to £1.50p almost immediately and then yo-yoing down to £1.26p at one point before settling at £1.30p at close of play yesterday. The dramatic price movements are in part down to the ongoing uncertainty around Brexit and news that its largest competitor eMoov had entered into administration, but also worse-than-expected figures from its latest six-month results. As we reported yesterday, these revealed how its US and Australian operations have continued to lose money, dragging its group results in to the red despite increased revenue and profits in the UK. Investors ignored a beefed-up management team at Purplebricks. The company revealed that online industry heavyweight Vic Darvey (left) will be joining as its group Chief Operating Officer in the New Year from MoneySupermarket.com. Darvey has 20 years’ experience at comparison website including MoneySupermarket.com but also Lastminute.com and, during the late noughties, co-founded his own online travel company. “Vic brings a proven record of technology delivery and leadership of cutting…
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Quality assets attract investors
Allsop’s latest residential auction defied perceptions of a challenging market, achieving a total of £42.5m from 155 lots.
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Purplebricks offers free service to 2,000 former eMoov and Tepilo customers
Purplebricks group CEO Michael Bruce says he want to offer hope to the approximately 2,000 stranded customers of eMoov and Tepilo.
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eMoov was no ‘punt’ says CEO’s son and former employee
Russell Quirk’s son has pitched in to defend his father and sought to soothe the disappoint felt by staff and both private and institutional investors who sunk millions into the company. Callum Quirk worked at eMoov with his father as initially a marketing assistant and later its product consultant. Before that he worked at Crowdcube, the funding platform where eMoov raised much of its money. This included £1.15 million raised in July from staff, family, friends and past customers and £2.62 million in 2015. Callum confirms eMoov continues into administration but says it made “a significant contribution to giving traditional entities a well-needed wake-up call”. He also says he regrets the ‘unfortunate time’ for investors including ‘ordinary people’ and the staff with their ‘finances on the line’, but he also claims that: “It should be recalled that both funding rounds were also backed by established VCs with financial information and forecasts outlining the future prosperity of the business. “This was no ‘punt’ but an investment with one’s own capital at risk. “Everyone should be fully aware that there is never a guaranteed pot of gold when making investments despite any noted previous success.” But his father now has a swansong…
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Belvoir founder Mike Goddard sells shares worth £989,700
Find out why Belvoir founder and former RAF flyer Mike Goddard has sold shares worth nearly £1 million to help give former Northwood staff a 25% stake.
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