Sherringtons Estate Agents Ltd (08049688): administration
- Status
- Administration ended
- Administration began
- 2015-03-31
- Formerly
- Domus Estates (Harrogate) Limited
- Incorporated
- 2012-04-27
- Location
- Leeds
- Industry
- 68310 Real estate agencies
Why it went into administration
- Sustained trading losses
From the administrators' statement
The company was incorporated on 27" April 2012 to conduct business as an Estate Agent trading as Sherringtons and based at leasehold premises at 2 North Street, Ripon, HG4 1JY The business was run successfully on a day to day basts by Julie Sherrington and her daughter Victoria Musgrove, who were two of the three shareholders
The mitial investment was provided primarily by Yvonne Fell, the third shareholder and also one of the two directors She did not have any involvement at that stage in the operation of the business Sherringtons became one of the major agents in the Ripon area and on the basis of this a decision was taken to acquire a further agency in Harrogate and rebrand it as Sherringtons
The new office traded from leasehold premises at 6 Princes Square, Harrogate, HG 1LX and a manager and two staff were supervised by Julie Sherrington who then split her time between the two offices It became clear that despite pre-acquisition due diligence the Harrogate business was not as successful as had been believed and it proved difficult to establish the new brand without an Estate Agent permanently in the office
Administrators' statement of proposals (2015-05-12) · Companies House register