Up to 30 jobs have been saved after a long-established estate agency business in Hampshire has been bought out of administration, a local business news report has been able to reveal.

 

Penyards Estate Agents has been trading since 1988 and has nine branches across Hampshire and the New Forest. The company had been facing tough trading conditions in a sector that has continued to struggle, and, as such, was forced to call in administrators from Begbies Traynor on 17 May.

 

Following the appoint of administrators, the business and certain assets were sold out of administration to Number 17 Marketing Ltd for an undisclosed sum, securing 32 jobs across the three areas of the Penyards business.

 

The sale was handled by Gavin Savage, director of Begbies Traynor’s Southampton office. He commented: "We had to go through quite a complicated process to get to the right end result, but we are confident that the purchaser has the skills and team in place to ensure growth for the future and to establish the basis for a prosperous long-term future for the company."

 

Being forced to lay off a number of employees can be a difficult time for any company, but Time & Attendance South East can help firms navigate easier through these troubled times.

 

Our systems are user-friendly, innovative and designed for the working environment. They also offer a wide array of features, such as support for contactless smart cards (which would really come in handy in a busy, dusty construction environment), as well as optional finger print biometrics and mobile phone SIM card support.

 

Moreover, the multi-user, networked, multi site Time and Attendance, Access Control, Fire Roll Call and security system includes European Working Time Directive checking and reporting and allows administrators to save up to 2000 employees, supports extensive shift management and payroll-related operations, the allocation of various pay bands, and much more.

 

If you’d like to find out more about the extensive range of solutions supplied by Time & Attendance South East, just contact us, we’ll be more than happy to answer any question or query you might have.