ZPG’s purchase of software company Expert Agent earlier this month has been called in by the Competition and Markets Authority (CMA) and is now under review, prompting shares in ZPG to drop this morning.The CMA has served an initial enforcement order to ZPG under section 72(2) of the Enterprise Act 2002.The announcement was made by ZPG this morning, saying that “having been informed of the review and the order ZPG is now engaging in a consultation with the CMA and will make a further announcement in due course”.The move has been widely anticipated within the industry after ZPG acquired Expert Agent – which trades under the name Websky Ltd – from private equity firm Metropolis. It in turn bought the company off founder Mike Griffiths in 2004.The ZPG acquisition of Expert Agent gave it a substantial slice of the UK agent software market, as it had already bought Property Software Group in April 2016.PSG at the time of acquisition by ZPG claimed to be used by over 40,000 estate agent letting agent branches across the UK, while Expert Agent is used by over 2,500 branches.The CMA has been in the warpath within the property industry of recent, fining four estate agents in Burnham on Sea a total of £370,000 over an illegal price-fixing cartel in the seaside town, and is now offering £100,000 rewards to agents who report similar anti-competitive in their areas.PSG CMA Competition and Markets Authority Expert Agent Zoopla March 31, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » ZPG purchase of Expert Agent to be reviewed by competition watchdog previous nextAgencies & PeopleZPG purchase of Expert Agent to be reviewed by competition watchdogShares in the group drop after announcement first thing this morning.Nigel Lewis31st March 201702,568 Views
P2P: buy a set of hundreds of thousands of uneven in quality system can be built on the platform of
P2P net loan net Campbell in just four months after its establishment, it has become a site can not open the platform to run away. Prior to the site shows the cumulative turnover of more than 260 million, there are more than 200 victims of the composition of activist groups, the loss of funds in more than 5 million yuan.
Home monitoring data of
net loan, in May this year, China added 29 P2P net loan platform, the month there are 8 run away or off the platform, including the right money, the rising wealth, reputation wealth, CITIC Capital, credit investors, Jen credit, venture capital and other venture Welbon Hong Chang; only from September 2013 to November, China there are more than 40 P2P enterprise capital chain rupture or shut down.
currently there are nearly a thousand P2P platform, the industry situation uneven in quality. If the P2P platform was established for the purpose of fraud, this industry very low threshold: buy a set of software systems by ten, you can find a shelf to buy the establishment of a platform; but if you want to make career, P2P net loan threshold is extremely high in the industry.
consumers how to identify P2P fraud? If you can understand the principle of a regular P2P lending website, almost P2P platform can do about the true and false judgment. Here are some of the basic methods to determine whether the P2P net loan fraud platform.
1, obvious fraud and error information
first to verify the authenticity of the platform, including the real business license, organization code, office address and real information. The earliest pure fraud platform gold loan, 3 days on-line platform shut down, after the investigation, the platform all the information is false; and recently run away "net Campbell office address is Moma Tower 22, but only the highest 20 storey building.
Why many victims of
networks Campbell deceived is the platform declared that the central bank signed a strategic partnership, and accept the supervision of the central bank Beijing branch". Now the industry is regulated direction P2P central guidance, the China Banking Regulatory Commission policy, local CBRC landing regulation, but regulators have not issued regulations, how to regulators? Besides its so-called central bank cooperation is also PS fake photos.
2, interest rates
platform is a certain risk of high interest rates, low interest rates do not necessarily no problem.
high quality borrowers are sensitive to interest, but also the core of the P2P platform for the object of contention, these borrowers borrow a lot of money, the better the better the ability to get the platform preferences. Rather than the poor quality of the borrower’s ability to repay, promised high returns in order to obtain loans.
in general, the platform of the borrower’s mainstream financing costs by three components: financial benefits, platform service fees, security fees. Assume that the interest rate on a platform to investors is 20%