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EYE has just been informed that Upad will be closing down soon.
The online letting agency has faced difficulties in recent years after being forced into liquidation in October 2019 after founder James Davis said ill health had led him to discontinue the business.
The company was recused by online lettings platform Howsy who acquired the business for an undisclosed sum, with a view to operating the firm as a separate business,
Upad was later taken over by Dexters, as part as part of a distressed sale after Howsy ran into financial difficulty.
However in late 2023, Dexters deemed the online operation surplus to requirements and sought a buyer for the business, with a dedicated call centre closed and staff redundancies announced.
Daniel King, who left his position as lettings manager at Howsy, Urban.co.uk, and UpadLettings, at the time told EYE that Howsy’s call centre in Coventry was closed by Dexters in October 2023 and the “entire Howsy, Upad and Urban team was made redundant”.
Last filed accounts up to September 2023 show minus £8m.
HOWSY LIMITED filing history – Find and update company information – GOV.UK
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#Online #letting #agency #Upad #close
