A two-branch lettings agency in Hertfordshire has ceased trading and says it will soon be placed into creditors’ voluntary liquidation.
A statement on the website of Pendley Estates says its directors have asked partners at Buchler Phillips Group LLP to assist them with this process - all known creditors will be contacted shortly.
The agency’s website refers tenants to “Please contact your landlord and make arrangements for your future rent payments to be made to your landlord direct.”
Meanwhile it tells landlords to contact tenants “and make arrangements for future rent payments to be made directly to your own bank account.”
Landlords are also told that they will shortly receive details of the proposed Creditors Voluntary Liquidation process, and they are asked to send their most recent contact details to PendleyEstates@buchlerphillips.com.
Pendley, which appears not to be answering emails or telephone calls, has its website still operating but with fewer details than usual.
Pendley Estates had been operating for around 35 years, but one report says the sudden closure leaves around 200 landlords’ deposits without protection, and many landlords uncertain as to payment for owed amounts.
Letting Agent Today has approached Buchler Phillips Group LLP for comment.
It’s been revealed that a church is amongst those owed thousands...
An investigation is underway into a lettings agency which has gone...
The manager of a Lancaster letting agency dealing chiefly with students...
A new independent agency is to specialise in lettings and property...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
B-hive Block Management Partners Celebrates Major Milestone With Over 100 Businesses...
We’re absolutely delighted to announce that, after 10 years, we’re able...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Jump to latest comment and add your reply
One report says 200 unprotected deposits. Bearing in mind they've appointed liquidators I'm sure the deposits are fine. We all know the type that doesn't protect them.
Please login to comment