LAST week, Spanish-based property management company Overseas Keys announced that it had ceased to trade. The company managed a number of properties in Cyprus from its office in Pernera.
In a letter to its clients the company’s MD, Kenneth Richardson, explained that “As a result of the sustained and unsubstantiated slanderous attacks on our business that has resulted in significant losses, we have quite simply run out of resources that would allow us to continue to operate. I have had no choice but to make all staff redundant.”
We understand that a number of Overseas Keys’ clients are pursuing the company to recover advanced payments made for services that it will no longer be able to deliver.