The online estate agent Emoov has lined up administrators only six months after it merged with two rivals in a deal that valued it at £100 million.
It is in talks with James Cowper Kreston, an accounting firm, to handle a pre-pack administration, which allows a buyer to acquire a company’s assets without taking on all of its liabilities.
Smaller online estate agents have struggled to compete with Purplebricks, the largest player, at a time when the housing market is weak.
