Floundering online estate agent PurpleBricks is looking to find a buyer as soon as possible, despite the deals currently under discussion being well below today’s opening share price, after its payment provider started withholding funds.
The firm – which put up the ‘for sale’ sign after a February profit warning – said the number of properties it was instructed to sell did not grow as expected in the last three months. There were 5,672 instructions to sell during the quarter, barely over half the amount in the same period of the prior year.
