Leading Corporate Recovery has been working with a number of estate agencies and are reaching out to all estate agents to help compile an urgent industry analysis on the difficulties facing the sector.
Insolvency practitioner and director at Leading Corporate Recovery, Jamie Playford, explained the approach:
“In the recent wake of another estate agency liquidation in Norwich, we have decided to bring forward our analysis as we see an urgent need to address the sector before further businesses and jobs are lost.”
“We have been talking to several estate agencies since the start of 2018 both in terms of their own businesses that are struggling, and also other agencies that are well-funded and are actively looking to purchase, merge with, invest in or otherwise support struggling agencies. We are particularly interested in talking to any estate agents that are facing hardship and wish to explore these options.”
“This sector analysis will help guide and update our existing expertise in the sector and allow us to work closer with the industry to restructure and help businesses who are experiencing financial difficulties.”
The initial findings from Mr Playford’s firm have suggested that downward-pressure on prices and the growth of online-only agents are the main causes for the downturn in the industry.
The link to the survey is here:
Leading Corporate Recovery industry analysis: Estate Agents
If you are having trouble with the link, please copy and paste the following link into your browser:
https://www.surveymonkey.co.uk/r/FDG8GKD
The results of the analysis will be published shortly. For questions, please contact Jamie Playford:
jamie.playford@leading.uk.com T: 01603 552028
Notes for editors:
Leading Corporate Recovery is East Anglia’s fastest-growing insolvency and business recovery practice, providing insolvency, restructuring and strategic advice to businesses and individuals nationwide, from offices in East Anglia, the Midlands and London.
