An Essex-based letting agency which was a member of
the Association of Residential Letting Agents has gone into
liquidation.
Furthermore, the company has been the subject of complaints to
the police, with sources alleging that Charterhouse Professional
Property Services letting agency, of Brentwood, Essex, owed over
£75,000 to more than a hundred creditors.
A report issued by the firm's liquidators stated that, after
September 2012, the firm's owner Mr Jeffrey Terrence Gadsden
"remortgaged his property and used that money to support himself
without drawing a salary from the company".
Meanwhile ARLA have confirmed that the agency was a member, with
managing director Ian Potter seeking to reassure the firm's
tenants, saying: "Landlords and tenants that use ARLA member agents
benefit from ARLA's Client Money Protection scheme."
Liquidators and Police explain circumstances of
collapsed ARLA member agent
The liquidators report chronicles the agonising collapse of the
firm's finances: "The final straw was when one of the company's
biggest clients gave immediate notice to terminate a contract and
the company's letting staff gave notice to leave the company."
The report states that "in the last 18 months there was very
little income into the company". Liquidator Grant Pegg, of
London-based firm Benedict Mackenzie, said: "We are liaising with
the Association of Residential Lettings Agents, the National
Federation of Property Professionals, the
Tenancy Deposit Scheme and the company's insurers in order to
expedite payment of monies to all affected parties. "The
police meanwhile maintained a professional distance from any
speculation about the company's situation, with a spokesman for
Essex Police simply acknowledging that "a number of complaints have
been received about a company in Brentwood and inquiries are
continuing."
An Essex-based letting agency which was a member of
the Association of Residential Letting
Agents has gone into liquidation.
Furthermore, the company has been the subject of
complaints to the police, with sources alleging
that Charterhouse Professional Property Services
letting agency, of Brentwood, Essex, owed over
£75,000 to more than a hundred creditors.
A report issued by the firm's liquidators stated
that, after September 2012, the firm's owner Mr
Jeffrey Terrence Gadsden "remortgaged his property
and used that money to support himself
without drawing a salary from the company".
Meanwhile ARLA have confirmed that the agency was a
member, with managing director Ian
Potter seeking to reassure the firm's tenants,
saying: "Landlords and tenants that use ARLA member
agents benefit from ARLA's Client Money Protection
scheme."
Liquidators and Police explain circumstances of
collapsed ARLA member agent
The liquidators report chronicles the agonising
collapse of the firm's finances: "The final straw was
when one of the company's biggest clients gave
immediate notice to terminate a contract and the
company's letting staff gave notice to leave the
company."
The report states that "in the last 18 months there
was very little income into the company".
Liquidator Grant Pegg, of London-based firm
Benedict Mackenzie, said: "We are liaising with the
Association of Residential Lettings Agents, the
National Federation of Property Professionals, the
Tenancy Deposit Scheme and the company's insurers
in order to expedite payment of monies to all
affected parties."
The police meanwhile maintained a professional
distance from any speculation about the company's
situation, with a spokesman for Essex Police simply
acknowledging that "a number of complaints
have been received about a company in Brentwood and
inquiries are con
