Ashdown Lyons goes into administration

Ashdown Lyons has been placed into adminstration with all staff made redundant with effect from last Friday.

The chartered surveyor firm decided on Friday it could no longer continue trading and served the notice to go into administration on the same day.

In total 60 staff have lost their jobs, including 35 surveyors and 25 administrative staff.

Staff were notified of the decision on Friday.

The company, which first opened in 1990, was a significant presence on many lenders’ panels carrying out over 7,000 surveys and valuations a month.

Since its first office was established in Wimbledon, the company has expanded to 23 locations throughout England and Wales.