Goodbye Foxtons?

[Mikecg]

No a Robin Reliant.

[woofmarkthedog]

Arse

[dulmum]

Ah, they are not all bad. They got so p*ssedd off with my 2 year old son going into look at the toy minis that they eventually gave him one. He took it home, snapped the axel and ate a tyre.

[Nicholas]

???? 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.

[Mikecg]

Food for fat more like!

[AnotherPaul]

Out of adversity comes a gleaming business opportunity!

Perception being everything Foxtons will surely snap up my life sized cut out agents mounted on wheels, made to move back and forth by battery powered pulleys.

Will accept ?360m for 2% stake etc.

[woofmarkthedog]

When Jon Hunt ( you could have such fun with that name..another day though)walked away with ?360 million quid the alarm must have gone up..

he was super shrewd ...a c&nt with no morals yes...but did no-one think to ask him why ?

[macroban]

Ho! Ho! Ho!

[macroban]

Foxtons is now in breach of its banking covenants.

Anyone who uses Foxtons as an agent to manage their borrow-to-let property might consider reviewing the arrangement.

[Mick Mac]

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.

[macroban]

Update on debt-ridden Foxtons.

[cupid_stunt]

hmm, the spectre of redundancy/ job loss is never a good thing for anyone working at the coal face...

[anep]

Macroban - appreciate the updates ...but just to put it into perspective what are your conflicts of interest?

[macroban]

Foxtons didn't do very well in the High Court today.

[Mick Mac]

and this means what? More info please.

[louisiana]

Robbing landlords

[Mick Mac]

Macroban has a habit of just posting a few words or a link and expecting others to chase up info. Please Macroban, just tell us what it is you are on about in your post. We do not all have a fixation with Foxtons failing.

[macroban]

This is unlikely to be of interest.

[red devil]

There was a discussion about this on the forum earlier this year...

Estate Agents Fees...

[mikeb]

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.

[woofmarkthedog]

"Jon Hunt"

Got to be the "man" of the noughties

Yes

W**F