About Firstport

So Firstport have now completed the takeover of Mainstay.

In part this is the Firstport strategy of maintaining market share,and also reflects the growing unease among the large managing agents that forthcoming legislation will make it far easier for leaseholders to excercise their rights and be able to sack them. 

The tactic of buying in management contracts can onlty be for a very short term gain.

It is a mariage of two failing companies. You can expect increasing administrative chaos as the two companies merge and a waive of management redundancies.

Firstport is shortly expected to announce that they are still making substantial losses in the very near future.