Peter Whalley and Sandra Mundy of James Cowper Kreston have been appointed as joint administrators by the directors of Emoov Limited, Tepilo Holdings Limited and Tepilo Limited.
Emoov was established by Russell Quirk in 2010. It operated a hybrid estate agency, combining online client service and property listings supported by personal help and advice from local agents, but without the requirement for a high street presence. In April this year, Emoov acquired its competitor, Tepilo Limited, the online agency established by Channel 4 television presenter, Sarah Beeny.
Recent attempts to find one or more buyers for the Emoov and Tepilo businesses, ahead of administration, proved inconclusive. The administrators, nevertheless, want to minimise disruption to the companies’ client homeowners.
As a number of prospective buyers have indicated an interest in purchasing the client property listings, the administrators will be exploring the transfer of these to other providers as a priority.
Thereafter, the administrators expect to close down the trading activities.