Just an observation .......................13 Dec 2021 09:43
Purplebricks, the online estate agency, has revealed that it expects to make a provision of millions of pounds to cover an apparent blunder affecting landlords in its lettings management business.
The company said on Monday that it was finalising the amount it was to set aside to cover claims, though its early estimates suggested a potential financial risk in the range of £2m-£9m.
Purplebricks released the statement hours after the Daily Telegraph published a story based on a source with knowledge of the company who claimed the liabilities, dating back to its foundation in 2012, could be as high as £30m.
That sum was reported to be based on the assumption that everyone eligible to make a claim did so.