Winkworth launches board review as family feud rocks London estate agent
London estate agent Winkworth has launched an independent review of its board as it battles to contain the fallout of a boardroom family feud involving the firm’s its chief executive and his father, the former chair. The AIM-listed firm, which is one of the UK’s oldest estate agents and specialises in properties in the City [...]
London estate agent Winkworth has initiated an independent review of its board due to a family feud involving the company's chief executive and his father, the previous chair. The review aims to evaluate the company's corporate governance and composition. The firm, a key player in the UK property market with properties in prestigious areas like Pimlico and Notting Hill, has received preliminary recommendations regarding the board's composition and appropriate governance arrangements.
The board is now contemplating the overall board makeup, including the balance of independence among non-executive chair and directors. The company expects the full findings of the review to be released soon. This development follows the initiation of High Court proceedings by the estate agent against non-executive director Simon Agace, who allegedly breached confidentiality rules by attempting to remove the entire board.
The proceedings, which included Simon's son and current CEO Dominic Agace, were temporarily halted for discussions. However, a consent order between the parties has now been confirmed by the court. The legal costs, initially amounting to £105,000 in the six months ending June 2026 and £376,000 between July and September, are expected to continue as the situation unfolds.
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