Buyer sought for Doorsteps’ intellectual property...

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20 April 2023

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By Marc Shoffman

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Buyer sought for Doorsteps’ intellectual property

The liquidator for Doorsteps is seeking a buyer for the collapsed online agent’s intellectual property.

Prospective buyers have been messaged by restructuring firm Hilco Streambank on behalf of liquidator Begbies Traynor, seeking offers to acquire the intellectual property assets of Upside Capital Limited, which traded as Doorsteps.

The agency brand entered voluntary liquidation in October 2022.

The message from Hilco Streambank said this opportunity offers a prospective buyer the chance to “acquire the famous Doorsteps brand and related assets to pick up where the company left off, capitalising on the growing demand for a modern alternative to rival old-fashioned and traditionally costly high-street estate agents.”

It said: “Prior to liquidation, Doorsteps was a leading online estate agent that disrupted how homes are sold across the UK, offering a cheaper, more convenient way for homeowners to sell their properties.

“Via its popular web-based platform, Doorsteps allowed sellers to market their properties for less than £500 without leaving their homes, modernising the industry and challenging the services of high street estate agents, often seen as expensive and outdated.

“At its peak, Doorsteps sold over £1bn worth of homes across the UK, serving more than 5,000 happy customers.”

The deadline for bids is Thursday 18 May.

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- Martin Lonsdale
- 20 April 2023 11:59 AM
Really, a disruptor to the market, well I would say they have been well and truely disrupted.

- Graham Butt
- 20 April 2023 13:01 PM
Sounds like reading an advert from a company that went bust, why does Estate Agent Today publish this type of so called press release….. absolute rubbish

- Lenny White
- 20 April 2023 13:50 PM
£1billion worth of homes/5,000 customers? Shouldn't you be using UK billion rather than US billion Marc?

- Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
- 20 April 2023 14:00 PM
Let's see - Doorsteps, raised and burnt through 1.4M of crowdfunding investment, and in five years serviced only 1,000 vendors a year/or made only 83 vendors a month happy. So a tiny throughput, of the 1.25M of annual completions.

Their site is down, and it is seven months on, so no listings or site traffic and of course no listings on the top three portals, so no live inventory and no buyers or tenants, landlords or vendors. Its tech stack consists of only three technologies (not a typo) so hard to understand what value it has?

Maybe the Daily Mail will do a follow up piece to the fake news around the original 19 year old founder who became an overnight millionaire selling homes for £99. Luckily, post the SVB bust, the general public and angel investment community are a bit wiser about these hyped non-viable MVP's, that catch the imagination of all those who feel it is easy to sell property without the aid of a real estate agent.