Jump to content

Recommended Posts

  • 2 weeks later...

???? Wrote:

-------------------------------------------------------

> I think the heads of the employees are also pretty

> empty


What has everyone got against Foxtons? What gets me is why they have satalite tv on 24/7?


I think a shop that size would make a good Mcdonalds wouldn't you agree? Food for thought.

You really have it in for Foxtons macroban. Why so much interest? is it purely estate agent driven?


Anyway - I'm sure you have alerted us to Foxtons having breached its covenants before. Its by no means the end for a business, just a renegotiation of their debt facilities, although it makes it more difficult to survive.


They have recently sold a house on our road and very quickly at that (I did think it was undervalued even in the current market) - also it seems they have more activity in their office recently, so I'm not sure what to think about their future.

  • 2 weeks later...
  • 3 weeks later...
  • 2 months later...
  • 5 months later...

A new chapter in Foxton's history - from City AM this morning:


Estate agent Foxtons was taken over by its lenders yesterday, after its private equity owner agreed to a refinancing deal that saw its stake in the firm massively diluted.


BC Partners bought the chain that was synonymous with the London property boom for around ?360m in 2007 from founder Jon Hunt, who offloaded the business at the top of the market.


But yesterday the private equity house handed lenders led by Bank of America and Mizuho a majority stake in the business. BC Partners will retain the largest minority stake and has pumped less than ?50m of new equity into the estate agents.


Under the deal, Foxton's debt has been cut from ?300m to ?120m. Most of the debt was from ?260m of bank loans to fund BC Partners' buyout.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • Hey fellow cat owners! Was hoping that you would consider putting collars with bells on your outside cats? I’ve wee fledglings in a nest and at the moment I’m defending them against an orange and white dude (I call him Trump) and his nemesis, a lovely Tuxedo cat (I call Elon)… they are quite the double act in my back garden!!!! It would give the wee ones a bit of a better chance if a bell could announce their approach. And as a feline owner myself, I know cats will be cats, but every little helps even the odds. many thanks.
    • hallo, Do you have a suitcase for a student going to Ghana to teach sports? Taking a parachute, cones, mini hurdles, batons and dodge balls and a pump, then leaving it there for the school If I could have any old suitcase please it would be amazing! Thank you
    • Looking to borrow a gazebo for birthday party this Saturday, can you help? Julian - 07961463111
    • Whilst I agree, I have been thinking about this recently in relation to some of the other posts on here about anti social behaviour. We are all products of our upbringing - our experiences at home, school and beyond - plus whatever we have inherited genetically which might affect our behaviour (the nature/nurture thing). So in this case, if people haven't been brought up to love and appreciate trees and other wild things, plus as you say they may be deeply unhappy (or have other undiagnosed issues) it's easy to see how they could have ended up doing this. Also, it's possible they had quite low intelligence and didn't really grasp what they were doing and the effect it would have on so many other people. But that's just surmise and possibly completely wrong. From what I've read about it, they seemed to be two mates egging each other on, like two big kids. I'm not for a minute excusing what they did, and it's right they should be punished, but I really hope they might get some sort of rehabilitation in prison (it would  be appropriate to have them do some kind of community service like planting saplings, wouldn't it, or working in woodland conservation). And the same goes for phone robbers and shoplifters (rehabilitation, not planting saplings), though for SOME  shoplifters there might also be other issues at play, not excluding poverty. Sorry Jasonlondon,  I've gone off at a real tangent here, lucky it's in the lounge! Oh oops I've just noticed it isn't. Sorry admin. Oh, and then there's a whole philosophical discussion to be had about free will and determinism ..... 🤣🤣🤣
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...