Janforster-Estates Limited (05858852): administration
- Status
- In administration
- Administration began
- 2025-12-10
- Administrators
- Andrew Little, Gillian Margaret Sayburn
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2006-06-27
- Location
- Newcastle upon Tyne
- Industry
- 68310 Real estate agencies
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated in 2006, having previously traded as a partnership, and operated as a full service estate agency, providing house sales, lettings and property management services. The Company traded from three locations in and around Newcastle - Tynemouth, High Heaton and Gosforth under 5 leases and had, immediately prior to the administrators appointment, 18 employees.
Although the lettings and property management side to the business traded profitably, the Company began to experience financial difficulties as a consequence of increased competition in the estate agency offerings in the North East, particularly in the Tynemouth area where there are now circa 25 estate agencies operating in that small location. Many of these agents operate at very low cost and do not have high street premises, which are costly to staff and operate.
The nature of the property sale side of the business also puts pressure on cash flow due to the often long timescales for property sale completions and inevitable delays in some cases. The Company has fallen into arrears with HMRC with the historic VAT liability now sitting at circa £250,000.
Administrators' statement of proposals (2025-12-23) · Companies House register