HMRC has issued a winding up petition against yet another company which Mitul Gadhia, previously of Martin & Co and Whitegates Estate Agents, is involved with as a director.
The accounts for Gadhia Homes Ltd, the Leicester-based estate agency firm, owned by Gadhia, are almost two months overdue at Companies House and there is an active compulsory strike off application registered.
A court hearing has been temporarily suspended as an objection to the striking off has been received by the registrar.
Gadhia, who rose to fame 11 years ago when he launched a Martin & Co franchisee at the age of just 22, recently saw some of his other businesses fall into the hands of administrators, including Leicester-based Taylors Estate Agents and mortgage firm, Boden Samuel Ltd.
Gadhia also oversaw Miresh Property Company Ltd, which went bust two years ago, owing £231,000 to HMRC, also owes £174,000 to the taxman for Boden Samuel Ltd according to the liquidators statement of affairs.
This is in addition to a yet unknown amount owing to HMRC for Taylors (Leics) Ltd which was put into administration by HMRC in March 2023.
In 2017, at the age of 27, he became The Property Franchise Group’s (TPFG) largest franchisee in terms of office numbers following the purchase of a five-branch business – tripling the size of his property portfolio and taking on 35 new staff.
Gadhia’s Whitegates Leicester purchased Taylors, a well-established estate and lettings agency which had been operating since 1992 and they at the time had five offices across Leicester and Loughborough.
But in 2020, Miresh Property Company Limited, which owned the Whitegates’ franchises in Leicester, Sileby, Syston (which was Taylors/Whitegates) and Broughton Astley, went into liquidation.
The appointment of a voluntary liquidator was published on 19 September 2020 by Companies House.
Gadhia’s Taylors Estate Agents, which was based on 3 Halford Street in Leicester, went into administration in March 2023.
