The Agency Group has slammed former director and major shareholder Mitchell Atkins, after his Magnolia Capital Group’s unsuccessful attempt to force the listed estate agency to pay a disputed $385,000 debt by putting it into administration.
Last month, Mr Atkins appointed voluntary administrators from consultancy BDO to pursue it for the money, claiming the company had ignored repeated demands to pay the purported fee, which related to a financing term sheet arranged by Magnolia Capital.