Jobs lost as estate agent begins liquidation process
- Credit: D Faulkner
The collapse of the East Anglian franchise of an estate agency has led to the loss of 21 jobs, administrators have confirmed.
At a meeting of creditors today, Kudos Residential, which had been trading as Hunters, was placed into creditors' voluntary liquidation with Price Bailey insolvency practitioners Matt Howard and Stuart Morton put in charge of the process.
READ MORE: Eight regional branches close as estate agency franchise collapsesEight of the franchises nine offices have closed with the Hellesdon site currently being manned by William H Brown staff to help landlords and tenants to move their contracts over.
Mr Howard said: 'In the report to creditors the directors cited a tough market, that they had perhaps grown too quickly and a large HMRC debt.'
Mr Howard added it was too early to establish the amount of money owed to creditors.
Kudos had offices in Ber Street in Norwich, Poringland, Long Stratton, Brundall, Bungay, Diss, Gorleston and Great Yarmouth.