property-week-uat.internalhosting.com/story.asp?section -
[Cached Version]
Published on: 8/2/2008
Last Visited: 9/15/2008
Tony Donnelly, managing director of AWG Property, told Property Week: ‘It became regrettably inevitable that one-third - 15 members - of staff, would have to leave.'
...
‘A lot of these people were fantastic business developers who would go out and find lots of potential for this company,' said Donnelly.
...
Donnelly said the business had initially attracted interest from several buyers.
‘Our hope was we would find a new investor that would want to grow the company,' he said. ‘What happened then was the credit crunch, the property market softened and a corporate transaction did not happen.'