By Tony Booth

Almost £150,000 worth of client funds, including landlords' rent and tenants' deposits, have gone missing following the collapse of a Lincolnshire based letting agents.

Eleys Management Limited is a letting and management agency operating out of two offices in Spalding and Boston in Lincolnshire. A meeting of creditors planned for 10th August was announced in the 1st August edition of The London Gazette. The agency went into liquidation at the beginning of August, ahead of the creditors' meeting.

Eleys Management Limited is the residential lettings arm of a group of companies, which also includes Eleys Residential Limited and Eleys Auctions.

Collectively the group has amassed debts of around £400,000 and all three companies went into administration at the same time. Seventeen employees lost their jobs and the Spalding office in Station Street was immediately closed.