Troubled property management firm faces being put into liquidation, says Umang Patel.
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Insolvency figures ‘prove high street agency is in long-term decline’
Claim is made by online lettings platform Apropos which says Covid pandemic will only accelerate the trend.
Read MoreFounders of Cream Club struck off as company directors for eight years
Craig and Claire Cook were found to have failed to pay staff who worked for one of the club's incarnations following an Insolvency Service investigation.
Read MoreStruggling estate agencies given longer to restructure following insolvency changes
Business secretary Alok Sharma announced several key changes to insolvency law that will help companies get through the crisis.
Read MoreEstate agency directors banned for six years over collapse of Manchester business
Christopher Wilcock and Adam Balmer built up their company before it got into financial difficulties although the business now operates under new ownership.
Read MoreLiquidators called in at troubled Merseyside estate agency
The most recent unaudited accounts for Loc8 Estate Agents Ltd show creditors could be owed more than £500,000.
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