EYE has just been informed that Upad will be closing down soon.
A Upad representative has confirmed that the Upad website will be updated in the coming days to inform consumers of this important notice.
“After careful consideration, we have made the difficult decision to close our business, effective 27th June 2025.”
The online letting agency has faced difficulties in recent years after being forced into liquidation in October 2019 after founder James Davis said ill health had led him to discontinue the business.
The company was resced by online lettings platform Howsy in 2020 after acquiring the business for an undisclosed sum, with a view to operating the firm as a separate business.
Upad was later taken over by Dexters, as part as part of a distressed sale after Howsy ran into financial difficulty.
However in late 2023, Dexters deemed the online operation surplus to requirements and sought a buyer for the business, with a dedicated call centre closed and staff redundancies announced.
Daniel King, the now former lettings manager at Howsy, Urban.co.uk, and UpadLettings, told EYE that Howsy’s call centre in Coventry was closed by Dexters in October 2023 and the “entire Howsy, Upad and Urban team was made redundant”.
Last filed accounts up to September 2023 shows total equity standing at minus £8.4m.
HOWSY LIMITED filing history – Find and update company information – GOV.UK
