The firm has 16 branches around Merseyside but has been forced to close several as a result of the declining housing market.
It has also made several redundancies, while staff at the business were not paid last week, according to local sources.
Philip Furlong, a director at Venmore, told EGi News this week that the firm had not been placed into administration and blamed escalating rumours about the company’s poor health on “a disgruntled ex-member of staff”.
The company is believed to be seeking to form a joint venture in order to preserve its future.
Senior partner Philip Cassidy said: “Due to market conditions and the economy and the position of the banks at the moment, we have had to look at a major restructure and reorganisation at the firm.
“We are in negotiations with a third party looking to take the brand and business forward indefinitely.”
The limited liability partnership acquired commercial surveying practice Dears Brack in 2004 and rebranded it Venmore Commercial a year ago.
It also owns the Ball & Percival, Ideal Lettings and Philips & Sons estate agency brands.
