A two-branch lettings agency in Hertfordshire has ceased trading and says it will soon be placed into creditors’ voluntary liquidation.
A statement on the website of Pendley Estates says its directors have asked partners at Buchler Phillips Group LLP to assist them with this process - all known creditors will be contacted shortly.
The agency’s website refers tenants to “Please contact your landlord and make arrangements for your future rent payments to be made to your landlord direct.”
Meanwhile it tells landlords to contact tenants “and make arrangements for future rent payments to be made directly to your own bank account.”
Landlords are also told that they will shortly receive details of the proposed Creditors Voluntary Liquidation process, and they are asked to send their most recent contact details to PendleyEstates@buchlerphillips.com.
Pendley, which appears not to be answering emails or telephone calls, has its website still operating but with fewer details than usual.
Pendley Estates had been operating for around 35 years, but one report says the sudden closure leaves around 200 landlords’ deposits without protection, and many landlords uncertain as to payment for owed amounts.
Letting Agent Today has approached Buchler Phillips Group LLP for comment.