Search

Jobs go as estate agency closes down

PUBLISHED: 09:55 29 January 2009 | UPDATED: 14:58 07 July 2010

One of Norfolk's long-established estate agency firms, Tops Property Services which has offices in Dereham and Reepham, is to go into administration today, it was announced yesterday after more than 25 staff were made redundant on pay day and eight branches across the county closed.

One of Norfolk's long-established estate agency firms, Tops Property Services which had offices in Dereham and Reepham, has gone into administration after more than 25 staff were made redundant on pay day and eight branches across the county closed.

Staff were called to a crisis meeting last week at the head office in Cringleford, where director Roger Lake gave the news and advised them to go home.

The workers from the Tops offices in Dereham, Reepham and six branches in Norwich and its suburbs will have to make a redundancy claim for their wages along with other money owed.

Tops issued a statement saying: “The business is another unfortunate casualty of the property slump which followed the credit crunch and much reduced sales levels precipitated by a clampdown on mortgage lending.”

Mr Lake added: “This is a very sad day for the company and the staff who have given so much to help it prosper in past years.

This week it emerged that Mr Lake and fellow former Tops director Bryan Baxter are launching a new business selling houses under the ownership of property developer John Howard.

If you are an employee, vendor or buyer and need information, you can contact the administrators Begbies-Traynor on 01702 467255.


If you value what this story gives you, please consider supporting the Dereham Times. Click the link in the orange box below for details.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad, serving as your advocate and trusted source of local information. Our industry is facing testing times, which is why I’m asking for your support. Every single contribution will help us continue to produce award-winning local journalism that makes a measurable difference to our community.

Thank you.

Most Read

Most Read

Latest from the Dereham Times