HMRC has issued a winding up petition against yet another company owned by Mitul Gadhia, previously of Martin & Co and Whitegates Estate Agents, who looks set to go bust again with Taylors Estate Agents in Leicester.

A hearing was due to in the High Court today, but that has been temporarily suspended as an objection to the striking off has been received by the registrar.

Gadhia shot to fame 11 years ago when he launched a Martin & Co franchisee at the age of just 22.

In 2017, at the age of 27, he became The Property Franchise Group’s (TPFG) largest franchisee in terms of office numbers following the purchase of a five-branch business – tripling the size of his property portfolio and taking on 35 new staff.

Gadhia’s Whitegates Leicester purchased Taylors, a well-established estate and lettings agency which had been operating since 1992 and they at the time had five offices across Leicester and Loughborough.

But in 2020, Miresh Property Company Limited, which owned the Whitegates’ franchises in Leicester, Sileby, Syston (which was Taylors/Whitegates) and Broughton Astley, went into liquidation.

The appointment of a voluntary liquidator was published on 19 September 2020 by Companies House.

Gadhia’s Taylors Estate Agents, based on 3 Halford Street in Leicester, is now in trouble.

HMRC issued a winding up petition against Taylors Estate Agents last month, with a hearing in the High Court in London due to have taken place on 8 March 2023. But that was also temporarily suspended as an objection to the striking off was received by the registrar.

For further information, click here.