The office of one of the UK’s oldest estate agents has been repossessed, while the firm’s director has had his role terminated, amid speculation that the firm could be in the process of entering receivership.
Drew Pearce has long operated from Cathedral Close in Exeter, but the company’s office was repossessed after locksmiths were called in last week.
John Daborn, a consultant at Haarer and Goss, told the press: “The owners of the premises, who I represent, have repossessed the freehold of the property and are considering what to do with it. They have not yet put it on the market.”
The estate agency, founded in 1748, was headed up by its main director Matthew Leworthy, but a document filed with Companies House last week shows that his role has been terminated – he is no longer working with the company.
Leworthy has also deleted his LinkedIn account.
A client of Drew Pearce says that he has not been able to contact Drew Pearce for two months.
Bill MacIntyre, who lives in a block of nine flats managed by Drew Pearce, told Devon Live that he and other leaseholders have not been able to get hold of anyone at the estate agency since the beginning of December, while “Drew Pearce has not carried out any maintenance”.
Drew Pearce is said to no longer be responding to calls or emails. EYE has attempted but failed to get hold of anyone at the agency.
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