Creditor's agree to appoint an Oxfordshire company to handle the liquidation of Ash Residential Property Management Ltd.
Read MoreLargest ARPM creditors join committee to oversee firm’s liquidation
Three agents and its deposit protection and client money protection scheme providers are named in document.
Read MoreCollapse of property management firm ARPM highlights CMP ‘grey area’
Loophole in the CMP legislation has played its part in the situation some agents find themselves in, says Jenny Markham of The Letting Partnership.
Read MoreLATEST: ARPM collapsed despite £245,000 government-backed Covid loan
Accounts for year ending May last year show company was lent the money via the HMRC's CBILS programme.
Read MoreFounder signs off ARPM being wound up and liquidator appointed
After nearly three weeks of nail biting, estate agents and landlords owed money by the property management firm will soon find out how much cash is left to repay them.
Read More70+ lettings agents affected by problems at ARPM, says industry source
Approximately 8,000 properties and their landlords are also impacted by the problems at ARPM, which last week was reported to have ceased trading.
Read MoreARPM latest: ‘Property management firms need greater independent oversight’
Robert May, who has many decades' experience in rent payment procedures and technology, says companies like ARPM have been allowed to carry on for too long largely unsupervised.
Read MoreARPM LATEST: Insolvency practitioner confirms firm has ‘ceased trading’
Troubled property management firm faces being put into liquidation, says Umang Patel.
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