Don’t panic about Peverel com­pa­nies

Yorkshire Post - Property - - PROPERTY -

A NUM­BER of hold­ing com­pa­nies within the Peverel Group, one of the largest res­i­den­tial prop­erty man­age­ment com­pa­nies in the UK, went into ad­min­is­tra­tion this week, but the mes­sage for those whose flats are man­aged by Peverel com­pa­nies is “don’t panic”.

The Peverel Group is owned by the Tchen­quiz brothers who last week were called in for ques­tion­ing by the Se­ri­ous Fraud Of­fice in con­nec­tion with in­ves­ti­ga­tions into the fail­ure of the Ice­landic bank Kaupthing.

How­ever the op­er­at­ing com­pa­nies, which ac­tu­ally pro­vide the ser­vices to flat own­ers and res­i­den­tial homes, are prof­itable and will con­tinue to trade nor­mally, say the ad­min­stra­tors Zolfo Cooper.

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