The commercial auctions team at collapsed property services firm Erinaceous was made redundant this week.

Administrators KPMG informed the 6-strong team commercial auctions team, formerly known as Harman Healy, that the auction side of Erinaceous was to be wound up.

The team is already in discussion with potential suitors to restart the business else where. Those running their eye over the team include UK property services firms as well as investment firms.

Resurface

Former Erinaceous auctioneer Felix Rigg told Property Week: ‘I’m sure we’ll resurface fairly soon. There has been interest from a wide selection of people including a number of UK surveying practices.

‘We’re looking forward to showing the market what we can do once we are somewhere stable, without the millstone of a tarnished brand name hanging from our neck.

Sympathy

‘I’d just like to say thank you to the extraordinary number of people who have called or written to express their sympathy. That includes a number of our competitors. Not withstanding the cut and thrust of competition in the industry, many of them took the trouble to call or write personally.’

KPMG were appointed on Monday after Erinaceous collapsed under £250m of debt following a rapid period of expansion.

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