Doorsteps goes into liquidation

Online estate agency Doorsteps has gone into liquidation as market conditions falter further.

Doorsteps told The Neg: “We are in the process of liquidating.”

Just three years ago Doorsteps was believed to be turning over £1m a year and employing 60 people with ambitious plans to reach £6 million a year by 2020.

FOUNDED

The company was founded by Akshay Ruparelia (main picture) when he was still studying for his A levels.

He is no longer involved with the company which is owned by Upside Capital.

Last November Ruparelia said that he expects to re-join the hybrid estate agency from which he resigned ‘reluctantly’ in June that year.

Talking during a BBC Asian network podcast interview with presenter Sonya Barlow, he revealed that he’d only “stepped down for now” in response to a question from the presenter, leaving the running of his company to his former business partner and co-founder, Mark Kotecha.

BEGBIES TRAYNOR GROUP

Doorsteps liquidation is being overseen by the Colchester office of Begbies Traynor Group.

Partner Lee De’ath is handling the process for the firm alongside insolvency administrator Charlie Robinson.

De’ath is a licensed insolvency practitioner with more than 20 years of experience.

According to the Begbies Taynor Group website, De’ath is experienced in working with directors, shareholders, creditors, banks and other financiers in a wide range of formal and informal restructuring and insolvency assignments. He also works with business owners looking to extract accrued wealth from their businesses through an orderly winding up.

Lee De’ath was approached for comment.