Lee Bramzell of Property Index tells the owl that they are in the midst of a management buyout.
As first reported by the Negotiator (I think), Property Index does appear to be in administration. Lee tells the owl that:
” Property Index was placed in administration last Thursday due to the underperformance of the UK side of the business. However, backed by a small group of private investors I am buying the business back. At present, a team of eleven displaced employees and I are operating the business ‘under license’ from the administrator. We are committed to all our clients, in the UK and overseas, and our lead generation partners and are working to ensure that it is business as usual as far as they are concerned. We continue to generate thousands of leads each day and have even signed up new clients since we took the business over on Friday. We look forward to sharing our future plans with our clients and business partners in due course.”
More comment coming on the above and more exclusives coming soon and watch out for changes over at JRA.
Happy Christmas
Will you still be heavily promoting on eBay then?
This business should have a good future with affiliate opportunities
I think the practice of over-selling leads to too many different agents probably caught up with this company. I really hope they change the fundamental way they run the business or the same things will happen again.
Yes, over-selling is a bad idea. Not a nice thing to do in the first place.