Feuding family at top of Winkworth now in talks
Company Chair Simon Agace has agreed to suspend any move to replace board members while discussions take place.
Feuding family members at the top of Winkworth have agreed to a suspension in hostilities and both sides are now talking.
The company had initiated High Court proceedings against current chair and former Chief Executive Simon Agace (pictured left) for breach of confidentiality.
His wife reportedly tried to oust the current board at the company’s AGM in May.
City statement
But now, in a statement to the City, the company said Simon Agace had agreed not to initiate any board changes for at least a month.
“Mr Agace has agreed to provide certain undertakings to the Company in connection with the matters which were the subject of the Company’s application for interim injunctive relief,” the statement read.
“The undertakings restrict Mr Agace from taking or encouraging steps to remove or appoint Company directors without first giving seven days’ written notice and, in any event, before 10 September 2026.”
Discussions
“The Company and Mr Agace are continuing discussions with a view to resolving the matters between them.”
The case has been adjourned to 5th October.
Agace’s son Dominic Agace (pictured right), the current Chief Executive, has led the organisation since 2004 when he took over the reins from his father.
Both men led the agency franchise company onto the stockmarket in 2009 when it was floated.
Coup at top
It was reported that Simon Agace’s wife Irene Ho Kim Lee was using her 34% holding to lead a coup at the top by trying to replace the current board members.
Simon Agace wants to appoint a board of his choosing, and has warned he will hold a shareholder meeting to achieve his aims, it was said.
The statement continued: “The Company’s business continues to operate as usual and the executive team remains focused on the delivery of the Company’s strategy. The Company will provide further updates as appropriate.”
Share plunge
Last month, Winkworth said sales in the first half of 2026 remained resilient, closely tracking the strong start achieved in 2025.
Earlier in the year, however, the company saw its shares plunge 8%, after experiencing a profit fall of 11% last year.
The group revealed profits dropped last year and revenue was flat, when it published full-year results for 2025.
Winkworth in turmoil as family at top wrestles for power
