A Tyneside property tech start-up that featured on Channel 4's Kirstie and Phil's Love it or List It show is being liquidated only four years after its launch.
Peek Home had offered clients an entirely online architects service, providing designs and 3D models for homeowners looking to upgrade their properties. The Tynemouth-based business developed out of a hobby of co-founders Roland and Jaemi Glancy, who had initially helped friends draw up visions for their homes.
Having launched two years earlier, the firm secured £370,000 investment in 2023 from renowned Angel investor Simon Murdoch, who has backed companies such as Zoopla, Shazam and Carwow, as well as funding from the North East Innovation Fund, supported by the European Regional Development Fund, and managed by Northstar Ventures.
Peek Home set out to supply designs in a matter of days and was said to cost a fraction of a traditional architect's service. It also offered add-on products such as 3D walkthroughs, virtual reality tours and exterior visualisations. And at the time of its investment was said to have designed thousands of home renovations from across the º£½ÇÊÓƵ, with a total project value approaching £100m.
The business had featured on popular TV property show, Kirstie and Phil's Love it or List It - helping a couple in Cullercoats visualise what could be done to their Victorian townhouse.
A statement on the company's website says:: "It is with great sadness that we need to announce that Peek Home has entered administration and will cease trading. We explored every possible option to keep going, but unfortunately, factors beyond our control left us with no other choice. This is not the outcome we had hoped for, and we are truly heartbroken.
"If you are a previous customer please be advised that access to your portal account may be limited moving forward. Please download any designs / PDF files as soon as possible as continued access cannot be guaranteed.
"If you have an outstanding order please contact your card provider as soon as possible to make a refund claim via the ‘charge back’ scheme. Please see below some useful links to help you with this. FRP Advisory Limited have been instructed to assist with the wind up of the company and will contact you in due course should you be unable to process a charge back claim.
"We are so sorry for any inconvenience and understand how disappointing and frustrating this may be. Our sincere apologies and wishing you all the best."
