Going bankrupt - an estate agent near you

Like all such operations, Foxtons gets customers by promising the impossible and playing on peoples natural greed (via a higher valuation than real estate agents) and then try to rough shod a sale through regardless of any ethics or decent behaviour. 

It's a classic of that mode of operation that is bound to come to grief.  The company is now just a paper facade with nothing holding it up.  One small gust of extension in the recession is all it will take.

If you do work for Foxtons then might I suggest you start asking for your monly salary in advance as the first you'll know is when your paycheque doesn't go through.  Just because you work there doesn't mean you're on the nasty peoples side - they'll screw you as well.

"Private-equity-sponsored firms that have already gone bust or are desperately restructuring their debt include estate agency Foxtons and the holdings of Icelandic investor Baugur, which include ..."

 Hey, how about a Foxtons branch in Iceland - some good bargains over there!