Today we reveal our half-year (January to June) results for 2019, which saw iamproperty’s turnover increase by 16% to a total of £12.6m. Our group’s flagship brand, iamsold, is the UK’s largest independent residential auctioneer and pioneer of the Modern Method of Auction (MMoA). Despite the on-going economic headwinds, we’re on course to complete 4,000 auction sales in 2019 for the first time in history, now employing 185 people from our Newcastle head office and nationwide.
Celebrating success and a great 10 years
We’re really excited to celebrate our 10th anniversary this summer – we now work with a network of 2,500 Partner Agents nationwide and we’re proud to celebrate we’ve jointly achieved, having now sold over 16,500 properties through auction.
Earlier this year, iamproperty group received a minority investment from mid-market private equity house LDC to support our continued growth. LDC has backed our existing management team to support our ongoing growth strategy. Further to this, we’re proud to have recently appointed Mark Goddard, a property industry veteran, as Group Chairman. Mark brings a wealth of experience to the board as the former Managing Director of property services at Zoopla’s parent company ZPG, and the former Chief Executive Officer of The Property Software Group.
iamsold Managing Director, Jamie Cooke, says:
“Our business is on course for another record-breaking year in terms of revenue and property sales – testimony to the hard work from our entire team. As MMOA continues to grow as a category for residential property sales, it’s crucial that we develop and strengthen our market-leading capabilities across technology and compliance and to be at the forefront of industry best-practice.
“We are in a strong position to maintain our growth. In the short-term we want to expand our offering to estate agents, by giving them a one-stop-shop of modern solutions that help them to provide exceptional customer experiences.”
iamproperty Group Managing Director, Ben Ridgway, says:
“We are delighted to welcome Mark Goddard as Group Chairman of iamproperty. Mark’s knowledge of the sector and his experience in providing strategic input and direction will be key to the long-term success of iamproperty. Having both Mark and LDC on board will help to grow our market presence, diversify our proposition and support further investment in our technology.”
More about us
iamproperty was founded in 2009. We offer end-to-end services to Estate Agents including auction, conveyancing, compliance and moving services all under one roof, with our heritage in our multi-award winning property auction company, iamsold.
Through iamsold we operate a nationwide network of over 2,500 Estate Agency Partners, offering the Modern Method of Auction, other auction solutions and services to consumers.
In 2019 we continue to focus on contributing to our local community, through our support of our charity partner Changing Lives. We’ve already raised over £9,000 for the entity, with a further £5,000 expected before the end of the year. This money will go towards helping homeless people find permanent accommodation and support their integration back into society.
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