x
By using this website, you agree to our use of cookies to enhance your experience.
CORONAVIRUS UPDATE

See the latest Coronavirus statistics from across the world on our world map SEE MAP UK Confirmed cases: 259,559 | UK Deaths: 36,793 SEE MAP Italy Confirmed cases: 229,858 | Italy Deaths: 32,785 | Italy Recovered: 140,479 SEE MAP Spain Confirmed cases: 235,772 | Spain Deaths: 28,752 | Spain Recovered: 150,376 SEE MAP See the latest Coronavirus statistics from across the world on our world map SEE MAP UK Confirmed cases: 259,559 | UK Deaths: 36,793 SEE MAP Italy Confirmed cases: 229,858 | Italy Deaths: 32,785 | Italy Recovered: 140,479 SEE MAP Spain Confirmed cases: 235,772 | Spain Deaths: 28,752 | Spain Recovered: 150,376 SEE MAP

award
award award
award award

TODAY'S OTHER NEWS

Mystery surrounds closure of 'top 20' estate agency

A firm described as one of the country’s 20 best small estate agencies has closed both of its offices.

Estate Agent Today has been unable to contact Hayes - which has offices in Ledbury and Monmouth - but local newspapers claim both branches are shut and the 16 staff have been made redundant.

The agency’s website is still functioning without any suggestion of a closure, and the telephone messages suggest business as normal, allowing callers to leave messages.

The agency handled the sale of Donnington Hall to actress Liz Hurley for a reported £6m price tag in mid-2012. Six months later it was described in the Daily Telegraph as one of the country’s leading small agencies, with this review in the newspaper: Increasing profit margins during a downturn is no small achievement. Colleen Hayes, who opened her office nine years ago, puts it down to “staff willing to work six days a week to win and satisfy customers”. She sells country houses and equestrian estates from £400,000 to £3 million, and has earned a reputation as the go-to agent in the area.

However, the Hereford Times local newspaper says Hayes is now in administration and quotes an anonymous former employee as stating: "We are all not getting paid for the last month.”

Hayes opened in Ledbury in 2004 concentrating on mid- to high-end properties in the Worcestershire, Herefordshire, Gloucestershire, Monmouthshire and Shropshire areas. Its Monmouth office opened in 2013. 

The Hereford Times claims the sales of the business will be handled by Harrison's Business Recovery and Insolvency Specialists. 

  • Jon  Tarrey

    Never nice to see. Hope the situation is sorted as soon as possible.

  • icon

    Horrible situation and feel very sorry for the staff. However, according to their web site they have 18 employees across 2 offices. Surely, therein...

  • Rookie Landlord

    Always sad when these stories come about. Maybe there's something more that's not being said - does seem very strange that a successful agency who sold property to Liz Hurley is now on the scrapheap.

    Good luck to all involved.

icon

Please login to comment

Zero Deposit Zero Deposit Zero Deposit
sign up