I've have just been hearing over the last few days that Saxton Mee are going in to administration!
I am aware they will have been suffering directly from the downturn in the housing market and credit crunch / finance implications.
Can anybody confirm or otherwise if Saxton Mee is in/are going into administration and what implications it could have on people presently on the market with them?
Incidentally I have noted via a web search that a new company called Saxton Mee seems to have been created very recently on a non-limited basis.
Surely the boss people and directors have made a mint the last few years so if they wind up the company they will presumably be throwing all of their lovely staff (I speak from experience of dealing with them) on the scrap heap and trousering the profits safely themselves
I actually thought they were run by people with those actual names - if you are right it will be interesting to see if another similar sounding agent appears
Id like to know your source of information though
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I live in Nether Edge. I did not have a problem with cars parked on my street but I do now 'cos of the Broomhill and Sharrow residents zones. How can a few people in one suburb dump residents parking on the whole city?
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Because of the sensitivity of the information especially if it's breaking news and true I can't divulge my sources. The source(s) are after all still involved with Saxton Mee and as such have business interests.
Again I cannot be too specific but yes all estate agents have made considerable quantities of money over the last 10-15 years. If the administration rumour is true I suspect some people choose to live/spend today and repent or go into administration tomorrow.
I beleive the company was established by Nigel Saxton (lovely man(now retired)) and James Mee still the MD but some other directors are also present albeit Saxton Mee appears to have several subdivisions or companies Saxton Mee New Homes & Saxton Mee Commercial (according to companies house.
Saxton Mee came about by a merger between JJ Greaves of whom Bertie Mee was owner/director, his son is James Mee. Saxtons was indeed owned by Nigel Saxton. Although I may be wrong!!!
Because of the sensitivity of the information especially if it's breaking news and true I can't divulge my sources. The source(s) are after all still involved with Saxton Mee and as such have business interests.
Again I cannot be too specific but yes all estate agents have made considerable quantities of money over the last 10-15 years. If the administration rumour is true I suspect some people choose to live/spend today and repent or go into administration tomorrow.
I beleive the company was established by Nigel Saxton (lovely man(now retired)) and James Mee still the MD but some other directors are also present albeit Saxton Mee appears to have several subdivisions or companies Saxton Mee New Homes & Saxton Mee Commercial (according to companies house.
As I understand it, (a source close to the situation has told me today)Saxton Mee New Homes and Saxton Mee Commercial are entirely separate from Saxton Mee and are not in administration, regardless of what you may have heard.
As I understand it, (a source close to the situation has told me today)Saxton Mee New Homes and Saxton Mee Commercial are entirely separate from Saxton Mee and are not in administration, regardless of what you may have heard.
This thread is very similar to the one about Merlin estates some months ago. I think someone came on then with their first post to say it was nonsense.........remind me, where are they now?
Well, the old adage is true in that time will tell.
It is an unfair and dangerous practise to trash perfectly viable companies and therefore put their employees' jobs at risk, with speculation and rumours about administration.
The whole country is talking itself into a recession, let's not add fuel to this fire.
I've have just been hearing over the last few days that Saxton Mee are going in to administration!
I am aware they will have been suffering directly from the downturn in the housing market and credit crunch / finance implications.
Can anybody confirm or otherwise if Saxton Mee is in/are going into administration and what implications it could have on people presently on the market with them?
Incidentally I have noted via a web search that a new company called Saxton Mee seems to have been created very recently on a non-limited basis.
They ought to shut shop,9 weeks of my house being sold and when I asked why it was taking so long SM told me not to worry,now told the buyers can't get a mortgage,with xmas coming up its looking like I'll still have the house on my hands going into the new year.
Well, the old adage is true in that time will tell.
It is an unfair and dangerous practise to trash perfectly viable companies and therefore put their employees' jobs at risk, with speculation and rumours about administration.
The whole country is talking itself into a recession, let's not add fuel to this fire.
Your rather verbose language has a familiar ring to it.
''Located on this most exclusive cul-de-sac of five luxurious homes close to the heart of Dore village is this most opulent generously proportioned and skilfully extended detached family home. Offering accommodation of the highest calibre, an internal inspection is a must to fully appreciate what is on offer ...''
Coincidence?
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Bang. And the dirt is gone! - Barry Scott
The idea that we are talking ourselves into a recession is nonsense. Is a £516 Trillion Derivatives 'time-bomb' just the result of a bit of gossip down the pub?
Quote:
The market is worth more than $516 trillion, (£303 trillion), roughly 10 times the value of the entire world's output: it's been called the "ticking time-bomb".
It's a market in which the lead protagonists – typically aggressive, highly educated, and now wealthy young men – have flourished in the derivatives boom. But it's a market that is set to come to a crashing halt – the Great Unwind has begun.
Last week the beginning of the end started for many hedge funds with the combination of diving market values and worried investors pulling out their cash for safer climes.
I have heard Saxton Mee are downsizing and restructuring due to the current climate,
They are closing down their City Centre branch and all houses marketed in that office are now to be transfered to Banner Cross.
We're selling a house through them and they sent us a letter confirming the above but tried to sugar coat it with "the market is changing as is the way people buy houses" and "there is a downward trend in people visiting branches and expressing an interest through this medium" ********.
I wish they'd have been honest and said "We are currently sat on our backsides waiting for people to show interest in houses instead of taking a more proactive role and providing suitable solutions and suggestions to vendors whilst making an extra effort to market your property to potential buyers. This means we aren't selling any houses and as a result can't pay for some dolly bird to sit at a desk all day filing her nails, texting her mate and generally being no help whatsoever. In the meantime we look forward to speaking to you again in another 6 months..if we can be bothered"
I have heard not all houses are going to Banner Cross, they are being distributed to other branches close to the property location. The company has been split up, and Saxton Mee are trading as normal, I believe some staff were sent home on Thursday, but I am under the impression they were already on notice of redundancy.
I think the comment about Saxton Mee's staff from Wibbles is unfair, all estate agents are struggling due to the current climate and Unnecessary comments don't help, especially to those who have lost thier jobs.
I have heard not all houses are going to Banner Cross, they are being distributed to other branches close to the property location. The company has been split up, and Saxton Mee are trading as normal, I believe some staff were sent home on Thursday, but I am under the impression they were already on notice of redundancy.
I think the comment about Saxton Mee's staff from Wibbles is unfair, all estate agents are struggling due to the current climate and Unnecessary comments don't help, especially to those who have lost thier jobs.
Why,its true,agents have had an easy life when things are good,now they have to work harder they aren't,see my above post,cheeky beggars want another £95 to re-advertise,was also told it would be back on rightmove after 24 hours,was it?was it eck,too busy filing her nails.
Noboby is selling, it is not just down to estate agents, they cannot sell a house if the purchaser cannot get a mortgage, and that seems to be the main problem, banks are not passing on interest rate cuts as they are trying to recoupe as much money as they can, as for Right Move, they are putting prices up and putting a few estate agents off, not just Saxton Mee. I know a few people who work in the industry, and they all say the same, Right Move have increased their fee's that much, that unless they pass more costs onto the sellers they are not cost effective enough to use. As far as I am aware Saxton Mee are still using Right Move but for how long is anyones guess.
I have heard not all houses are going to Banner Cross, they are being distributed to other branches close to the property location. The company has been split up, and Saxton Mee are trading as normal, I believe some staff were sent home on Thursday, but I am under the impression they were already on notice of redundancy.
I think the comment about Saxton Mee's staff from Wibbles is unfair, all estate agents are struggling due to the current climate and Unnecessary comments don't help, especially to those who have lost thier jobs.
You don't have them failing to do anything constructive to sell your house, take rubbish photos. fail to deliver a sign board, lose your details, not put the right details on Rightmove, not even have your advert anywhere on display in the main branch, not answer the phones, take 2 weeks to give you feedback for a viewing, not have any constructive advice to offer with regards to selling your house, not hear from them for 2-3 months, yet expect their 1% for doing absolutely **** all...I could go on, so pardon me if I couldn't give 2 hoots about useless , nail painting, non message taking receptionist/sales advisor/negotiator losing their job.
