Foxtons Group PLC - Covid-19 Update
Approach to Branch Re-opening
Following the recent Government announcement on the re-opening of the housing market, the Company plans to start re-opening its branches over the course of this week, with all branches expected to open by
The safety and well-being of our employees and customers is of paramount importance to the Company. We have undertaken comprehensive risk assessments at all of our branches as well as our head office in consultation with employee representatives. Each of our workplaces has now been modified to be in line with recent guidance issued by both the government and Propertymark, the estate agency industry body.
The additional measures implemented in our branches include: social distancing procedures throughout; enhanced hygiene and office cleans; and, mandatory Covid-19 training for all employees to engage appropriately with customers.
Physical viewings and valuations will recommence over the same timeframe under tightly controlled conditions with social distancing in place. Customers will be encouraged to view properties virtually in the first instance, and for any physical viewings to meet directly at the property. There will be a restriction on the number of people attending viewings with participants only able to attend if they confirm in advance they are not infected or displaying symptoms of Covid-19.
A number of employees will continue to work from home where it is possible to do so effectively.
The business has continued to support customers online and over the telephone since the lockdown period began. Commissions earned in the eight weeks between Monday
Following the successful completion of the share placing of equity capital on 17 April, the Company ended April with a net cash balance excluding lease liabilities of
It is still too early to predict what the full impact of the Covid-19 pandemic will be on
For further information, please contact:
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+44 20 7893 6261
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+44 7713 157561
This information is provided by RNS, the news service of the
Quick facts: Foxtons
Market Cap: £112.91 m
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