EYE NEWSFLASH: James Evans Buys Back Douglas & Gordon From Administrators

It has been confirmed within the past few minutes that James Evans, the CEO of Douglas and Gordon, has today acquired certain business and assets of Douglas and Gordon Ltd from its administrators.

He says that this transaction will ‘allow for the continuity of elements of the Douglas and Gordon business with as minimal disruption as is possible in such circumstances’.

EYE broke the news last week that Douglas & Gordon had gone into administration, with Grant Thornton appointed as administrators.

Rumours were circulating this week that Evans will look to buy the estate agency back, after we revealed that he set-up a new company.

Evans, who previously worked for Foxtons, has set-up a new company called Brewham Holding Limited, registered to his home, near Bruton in Somerset, which he bought two years ago.

The new company was only incorporated on 14 February, which indicates that he was planning ahead before Douglas & Gordon was put into administration.

James Evans

It is less than a year since Foxtons sold off the business to Evans for a ‘nominal consideration’ having previously purchased Douglas & Gordon for £15.5m.

Evans commented: “Our industry experienced a difficult trading year in 2022 and, following a buyout from our previous owners in February last year, the management team took the decision in February this year to embark on an extensive restructuring process to enhance our prospects for the future.

“The new business emerging from this process will still be known as Douglas and Gordon and will be much the same company with the same core values: offering unparalleled expert advice and service, going further for its customers, and caring for the results they achieve. We have also always sought to be the trailblazers in our industry and that will continue. It’s part of our DNA.

“The industry is constantly evolving, and our new business model will be based on employing the best people, frictionless, cutting edge technology and a trusted and respected brand. We are all extremely excited about the future.”

EYE NEWSFLASH! Douglas & Gordon believed to have gone into Administration

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