Taylors Estate Agents in Leicester, owned by Mitul Gadhia, previously of Martin & Co and Whitegates Estate Agents, has gone into administration.
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.
However, 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, was known to be in trouble.
EYE reported earlier this month that HMRC had 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.
An administrator was finally appointed yesterday; the formal document is being processed and will be available in 10 days.
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.