A large regional business has run into difficulties, it is said with the loss of all jobs.
Hunters in Norfolk is said to be no longer trading. The Hunters brand was operated by Kudos Residential.
It would mean that Hunters – the ambitious high street brand which has been growing strongly through franchising, and whose chairman and co-founder is Tory MP Kevin Hollinrake – has wiped out its presence in Norfolk.
According to the London Gazette, a creditors’ meeting of Kudos Residential is to be held on February 19. The notice describes the type of liquidation as ‘creditors’ voluntary’.
We asked Hunters for confirmation as to its franchisee plus information as to the number of staff affected in what are believed to have been eight branches. These include Norwich and Great Yarmouth.
In a statement, a spokesperson for Hunters yesterday told us: “We are sorry to hear the news regarding Kudos Residential in the Norfolk area.
“The market has been difficult in certain parts of the country, as widely reported in the media.
“We understand the business is being assisted by WH Brown so customers’ contracts can be fulfilled.
“We have sympathy for the personal situations of those affected but are unable to confirm exact details at this moment in time.”
Kudos Residential rebranded its branches to Hunters in June 2015, bringing to the network a new territory.
Kudos was founded in 2009, and had “grown to become one of Norfolk’s estate agents”, according to a statement by Hunters at the time of the rebranding.
Kudos Residential director Brian Hutchinson said then that the business had grown organically and through acquisition.
Kudos Residential had been attracted to Hunters, he said, because of the national network proposition, particularly its reach within London with customers moving from London to buy in Norfolk.
One local agent told EYE that the current situation is a ‘nightmare’.
He said that Sequence brand William H Brown has now acquired the data but that local agents are scrabbling to pick up instructions.
Yesterday, the Norwich office of Hunters could not be contacted by phone. We have also tried to contact Brian Hutchinson.