The future of another Keller Williams (KW) market centre in the UK appears unclear.
KW Prime, once the flagship market centre of the self-employed brand, is rumoured to be set to close.
The business behind it, Robinhurst Property Ventures (UK) is late filing its latest 2022 accounts, according to Companies House and had a strike off action suspended in January.
Its latest accounts for 2021 show it was £422,874 in the red for its profit and loss account.
Its parent company, Robinhurst Ventures UK, which is majority owned by US agent Matthew Fetick.
Ben Taylor, previously chief executive of KWUK before the latest restructure of the business earlier this year, is also listed as a director of Robinhurst Ventures UK.
It had a strike-off action discontinued in February but its profit and loss account shows a £2.8m deficiency.
The news comes after Taylor’s Grifettey Limited business, which had the UK master licence for Keller Williams UK, was liquidated in March.
A statement of affairs released at the end of April shows £14,861 is owed in employee arrears and holiday pay, while £461,632 is owed to HMRC for VAT and PAYE. The business has assets of £22,548, leaving it with a shortfall of £453,944.
Keller Williams, Taylor and Fetick have been asked for comment.
Keller Williams Worldwide (KWW), the international division of Keller Williams, announced in March that it is reorganising its KW United Kingdom region.
KWUK spent much of last year rearranging and merging market centres before chief executive Taylor was moved to executive chairman and replaced by Mark Readings.
A spokesperson said at the time that Readings and Taylor are no longer involved at the regional master licensee level but continue to own and operate their individual market centres.
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Another 'disrupter'.
American ventures into the UK Estate Agency market always seem to fail.
Because the numbers don't stack up in the UK. You have to build a UK model for a UK market.
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