HMRC Issues Winding Up Petition Against Estate Agent Who Previously Went Bust Owing £230k

It appears that Mitul Gadhia, previously of Martin & Co and Whitegates Estate Agents, is about to go bust again with Taylors Estate Agents in Leicester.

Gadhia shot to fame 11 years ago when he launched a Martin & Co franchisee at the age of just 22.

In 2017, at the age of 27, he became The Property Franchise Group’s (TPFG) largest franchisee in terms of office numbers following the purchase of a five-branch business – tripling the size of his property portfolio and taking on 35 new staff.

Gadhia’s Whitegates Leicester purchased Taylors, a well-established estate and lettings agency which had been operating since 1992 and they at the time had five offices across Leicester and Loughborough.

But in 2020, Miresh Property Company Limited, which owned the Whitegates’ franchises in Leicester, Sileby, Syston (which was Taylors/Whitegates) and Broughton Astley, went into liquidation.

The appointment of a voluntary liquidator was published on 19th September 2020 by Companies House.

Gadhia’s Taylors Estate Agents, based on 3 Halford Street in Leicester, is now in trouble.

HMRC has issued a winding up petition due for hearing in the High Court in London on 8 March 2023.

The Company accounts for Taylors (Leics) Ltd are two months late being filed and there is an active compulsory strike off application registered.

For further information, click here.

Whitegates branches are closed after TPFG ends agreement with franchisee

Daily news email from EYE

Enter your email below to receive the latest news each morning direct to your inbox.