Nine jobs lost as property marketer GSPC goes into liquidation

Blair Nimmo

Administrators KPMG attributed its failure to the “tightening” of the market in Glasgow and the loss of key clients in recent years.

Many of its assets have been taken over by the Edinburgh Solicitors Property Centre (ESPC).

The business had come under threat from estate agents operating entirely online and moves to offer digital services by other competitors.

It was bailed out with loans from ESPC two years ago.

Blair Nimmo, joint provisional liquidator and KPMG’s global head of restructuring, said: “GSPC is a recognisable name in the west of Scotland and has been a part of the property market for more than 20 years.

“Unfortunately, and notwithstanding additional investment, the loss of key members has led to the cessation of trade and a number of redundancies.

“We will be working with the affected employees and the relevant government agencies to ensure a full range of support is available.”

The GSPC website has now been shut and links to the ESPC portal.

A spokeswoman for ESPC said: “The Edinburgh and Glasgow property markets are quite separate and distinct and it is a reflection of the tightening of the Glasgow market that, regrettably, GSPC has had to close.

“As a fellow solicitor property portal we gave our support over the past two years and are disappointed that it did not have the outcome we all hoped for.

“We will continue to aim for continuity of service for Glasgow’s property buyers and sellers.”