Wallers Estate Agents, which had branches in Oxford and Swindon, has entered liquidation leaving creditors owed almost £60,000 with little prospect of recovering their money. A progress report from joint liquidators Kirren Keegan and Paul Bailey, of Bailey Ahmad Ltd, shows the company has insufficient assets to make payments to creditors.
Creditors and debts
The agency, founded by Rowan Waller in 2014, entered creditors' voluntary liquidation on 29 August 2025. It operated from Rose Hill in Oxford and also had a presence in Swindon. Five creditors have combined claims of £59,766.65, including NatWest, HM Revenue & Customs (HMRC) and leasing specialist CF&L.
According to the company's statement of affairs, NatWest accounts for the overwhelming majority of the outstanding liabilities. The bank is owed approximately £52,563 across three accounts, including £31,567 relating to a Bounce Back Loan, £19,996 in additional borrowing and £1,000 on a business card.
CF&L, a leasing specialist based in Southend, is owed £7,202, while HMRC is listed as a creditor for £59.94 in unpaid PAYE. Although the company has no secured creditors, the liquidators say there are insufficient funds to make distributions to preferential or unsecured creditors. So far, one creditor has submitted a formal claim for £31,567.93.
Recoveries and costs
The liquidators have recovered £8,442 from a claim against another insolvent property company. They also transferred £5,000 held before liquidation into the estate and recovered £3.85 from the company's bank account. In addition, they are examining whether they can recover a £3,592.35 corporation tax refund from HMRC, although outstanding tax liabilities could offset that amount.
Despite these recoveries, liquidation expenses have exceeded the funds available. Costs include £5,000 in pre-liquidation fees, £7,000 in liquidators' fees and £2,400 in irrecoverable VAT. Consequently, the estate has a reported deficit of £954.12, with a further £1,000 in approved liquidators' fees still unpaid. Creditors therefore face the prospect of receiving nothing from the liquidation.
Directors and history
The liquidators have completed their statutory investigation into the conduct of the company's directors. Their confidential report to the government identified no matters warranting further action or additional recoveries for creditors, according to the published progress report. The liquidation remains ongoing, with a further report due within two months of the next anniversary unless the process concludes sooner.
Wallers Estate Agents Ltd previously operated as Isis Estate Agents before changing its name in 2014, following concerns over the name's association with the terrorist organisation ISIS. The agency was also previously registered with The Property Ombudsman, although its membership ended in August 2024. The latest report provides further details of the company's financial position more than a year after it entered liquidation.
