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Taylors Estate Agents of Leicester, formerly owned by Martin & Co and Mitul Gadhia of Whitegates Estate Agents, has taken over management.
Gadia rose to prominence 11 years ago, when he was just 22 when he launched his Martin & Co franchise.
In 2017, at the age of 27, he became The Property Franchise Group (TPFG)’s largest franchisee in terms of number of offices after acquiring a business with five branches. His real estate portfolio has tripled in size and has hired 35 new staff members.
Gadhia’s Whitegates Leicester acquires Taylors, an established real estate and rental agency that has been in operation since 1992, at the time with five offices in Leicester and Loughborough.
However, in 2020, Mailesh Property Company Limited, which owned the White Gates franchises in Leicester, Sylvie, Siston (Taylors/White Gates) and Broughton Astley, was liquidated.
The appointment of the Volunteer Liquidators was made public by the Companies House on September 19, 2020.
Taylors Estate Agents of Gadia, 3 Halford Street, Leicester, were known to be in trouble.
EYE reported earlier this month that HMRC had issued a liquidation petition due for a hearing in the High Court of London on 8 March 2023.
The company accounts of Taylors (Leics) Ltd are two months late in filing and have an active compulsory strike petition registered.
A manager was finally appointed yesterday. Formal documents are being processed and will be available within 10 days.
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Whitegates branch closed after TPFG terminated deals with franchisees