Countrywide PLC agrees ammendement to finance facilities.
February 5, 2018
Last Friday 2nd February 2018 Countrywide PLC put out the following statement:
Countrywide plc, the UK’s largest integrated property services group announces that on 2 February 2018 the Company agreed an amendment letter relating to its term and revolving credit facility with its lender partners which provides the Company with the financial flexibility to invest in the business as it takes action to restore the sales and lettings business back to profitable growth.
In the same announcement Countrywide stated: The Company will issue its Preliminary Results for the year ended 31 December 2017 on 8 March 2018.
You May Also Enjoy
Bank Rate cuts boost optimism for 2025 despite Budget pause
Average new seller asking prices drop by 1.4% (-£5,366) this month to £366,592, a bigger fall than the usual, seasonal 0.8% drop seen at this time of year, likely due to pre- and post-Budget jitters However, despite the dampening effect of the Budget, market activity remains stronger than last year as Bank Rate falls: The…
Read More 
How to market to Estate Agents UK
The UK’s property sales and letting industry is quite sizable in both volume of work and those employed within. Some 25 million dwellings in England alone exist and there were estimated to be approximately 55,500 estate agents working in the United Kingdom as of the second quarter of 2024. Up and down the country, in…
Read More 
Preventative Measures to Reduce the Risk of Emergencies in a Rental Home
Ensuring that a rental home is safe and well-maintained is essential for both landlords and tenants. Emergencies in a rental property can lead to significant stress, financial loss, and potential damage. However, by implementing preventative measures, landlords and tenants alike can reduce the risk of emergencies and create a safer living environment. This guide provides…
Read More 
Understanding the Metrics Used by Estate Agents to Determine Your Home’s Worth
Determining the value of a property can sometimes feel like a complex process shrouded in mystery. However, understanding the various metrics and considerations that estate agents use to assess your home’s worth can demystify the process and empower you as a homeowner. This blog will provide a comprehensive guide to the key factors estate agents…
Read More 
Breaking Property News 15/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Digital transformation of real estate drives profitability Press Release – London 14th November 2024 – Following the October budget, estate agents across the UK are seeking new ways to adapt to an evolving property market. Rising costs and shifting buyer expectations have driven a need…
Read More 
Labour’s Vision for Homeowners and Renters: Key Changes to Expect
The UK housing market continues to be a complex and often challenging landscape for both homeowners and renters. Labour’s vision for housing reform aims to address longstanding issues in affordability, security, and sustainability, setting out a series of policy proposals that could reshape the property market. Whether you are a homeowner, a renter, or an…
Read More