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Parent company Quintessentially Group, whose chairman is blue-blooded Ben Elliot, says move is part of plans to batten down hatches until Covid is over.
Read MoreTalks underway to ink management buyout of Quintessentially Estates
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Luxe agency Quintessentially Estates’ parent company turns to US investor for cash
Both the agency and its parent company's accounts are overdue as, even before Covid, the group was facing problems with bad debts.
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