Estate Agent Is Credit Crunched

Summary


Estate agent Heywoods is to file for administration after being hit by the downturn in the property market.

The firm's Newcastle office will continue trading while a buyer is sought, but branches in Hanley, Longton, Stoke, Stone, Congleton and Macclesfield have all been closed, with the loss of 23 jobs.

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Extract


Estate Agent Is Credit Crunched

Managing director Chris Stops said: "We've put in an application for administration in the court...

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