An estate agency has reportedly been put up for sale as it negotiates with HMRC over an unpaid tax bill.
Newcastle firm Sanderson Young, with branches in Gosforth, Ponteland and Alnwick, is run by its founder Duncan Young.
Another office, rare!, specialises in selling homes worth over £700,000.
Young told the local paper in August that Sanderson Young had been issued with a winding-up petition by HMRC after the unpaid £175,000 bill.
However, Young said this was an honest administrative error which had been hugely embarrassing.
He had been on holiday when HMRC sent out a reminder letter which was tidied away in a drawer.
He has now said that he is 99% certain that “the company will be back on track with me leading it”.
He said: “It is my full intention to keep trading and negotiations are ongoing.”
The Newcastle Journal says it has seen an advertisement marketing Sanderson Young to potential buyers, listing its fixed assets at £555,449.
Young started his business in 1999 after being northern director for GA Town & Country.
We have approached him for a comment.