Doorsteps goes into liquidation
Online real estate agency Doorsteps has gone into liquidation as market conditions continue to weaken.
Doorsteps told The Neg: “We are in the process of liquidating.”
Just three years ago Doorsteps was thought to be turning over £1m a year and employing 60 people with ambitious plans to reach £6m a year by 2020.
The company was founded by Akshay Ruparelia (main photo) while he was still studying for his A levels.
He is no longer involved with the company which is owned by Upside Capital.
Last November, Ruparelia said he planned to join the hybrid real estate agency from which he had “reluctantly” resigned in June of that year.
Speaking during a BBC Asian Network podcast interview with presenter Sonya Barlow, he revealed he had only ‘resigned for now’ in response to a question from the presenter, leaving management of his business to his former business partner and co-founder. , Mark Kotecha.
BEGBIES TRAYNOR GROUP
The liquidation of Doorsteps is being overseen by the Colchester office of Begbies Traynor Group.
Partner Lee De’ath is managing the process for the company alongside insolvency administrator Charlie Robinson.
De’ath is a licensed insolvency practitioner with over 20 years of experience.
According to the Begbies Taynor Group website, De’ath has experience working with directors, shareholders, creditors, banks and other financiers in a wide range of formal and informal restructuring and insolvency engagements. . He also works with business owners looking to extract accumulated wealth from their businesses through orderly liquidation.
Lee De’ath was approached for comment.