This was up circa 9-11p awaiting new from BB twelve months ago, now we have 5 months of flow testing at HH that has already produced so I can see this climbing back to at least those numbers again prior to results then who knows....
We are delighted to announce today that ZPG has acquired Ravensworth, the leading provider of on-demand print and creative marketing services to UK estate and letting agents. This transaction offers unique and exciting opportunities for you and reaffirms our mission to be your most effective partner.
Ravensworth specialises in providing integrated print ordering solutions to over 4,500 UK estate and letting agency branches via its state-of-the-art print technology platform. Ravensworth has a comprehensive product offering for every stage of the property marketing journey from listing through to post-sale including design services, brochures, canvassing materials, direct mail, email marketing and branch display products.
The acquisition of Ravensworth is a part of our continuing mission to provide the best value and most effective solutions to all UK property professionals. The deal combines Ravensworth’s product offering with our sales, marketing and technology capabilities enhancing our comprehensive 'one-stop-shop' product offering to now include portal, software, website, data and print marketing solutions.
Ravensworth offers a complete range of print and marketing services to estate agents and letting agents including: address data, banners, booklets, branch display materials, stationery, calendars, campaign management, canvassing materials, brochures, design services, direct mail/door drops, document folders, greetings cards, email marketing, magazines, moving cards, new home cards, posters, property particulars, vendor brochures and window cards.
ZPG announced record revenues and EBITDA this morning – and said that 750 estate agency branches had returned to it over the past two years.
It also announced investment in a new business which will provide an alternative to tenants’ deposits.
Revenue was up 22% to £117.9m, and EBITDA leapt 11% to £45m, in the first half of its financial year – the six months to the end of March.
There was record traffic to its Zoopla websites, with over 314m visits.
However, statutory profit was reduced by acquisition-related costs – ZPG has bought Hometrack and Expert Agent this year, although the latter purchase is now being scrutinised by the Competition and Markets Authority.
ZPG also announced that its number of agents was up 6% 14,271 branches, and inventory up 9%, to 928,000 listings.
CEO Alex Chesterman said: “We have enjoyed a strong first half to the financial year across both divisions and are delighted to report record revenues and adjusted EBITDA for the period. Our audience grew by 5% with a record 314m visits to our websites and apps and we achieved record levels of brand awareness for both Zoopla and uSwitch.
“”We also made good progress on our continued product differentiation with the launch of an innovative new Move Planner tool which provides a one-stop shop for all moving related services and are pleased to announce today a strategic investment in Zero Deposit, a new business seeking to transform the lettings market by providing an alternative to tenant deposits.
“Our property division has performed very well, driven by continued portal partner win backs, strong demand for our upsell products and the continued migration of our software partners to cloud-based products.
“The integration of Hometrack into the wider business is progressing well.”
Established in 2003, Expert Agent was the first UK provider to take estate and letting agency software online and provides fully cloud-based software solutions and essential systems for the day-to-day management of inventory, marketing and communications for estate agents and lettings agents across the UK.
The acquisition of Expert Agent is part of our continuing mission to provide you with the most useful resources to and be your most effective partner. Expert Agent has a strong track record and experienced management team with deep knowledge of UK property and software markets. Expert Agent will continue to operate as a standalone platform and brand and the team will become an integral part of our Property Services division.
Our objective remains to offer you the widest range of tools and most innovative services to provide you with excellent value and service and help you to win more business.
Zoopla have been named as some of the top companies in the UK on the annual Superbrands list.
Compiled by the Centre for Brand Analysis, the Superbrands list is split into business and consumer categories with more than 1,500 companies scored on their quality, reliability and distinction.
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has reiterated its ‘outperform’ rating of Zoopla and given a price target of 390p for the shares
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Zoopla this morning reported a “robust” performance, saying that it has enjoyed 12 consecutive months of UK agency membership growth.
It reported a rise of 4% in agency members, to 12,956 – still down from the number it had prior to the launch of OnTheMarket
Overall, it reported a rise of 5% over the past year to 16,858 property partners.
Traffic averaged 44.8m visits per month, and Zoopla generated 11m property leads.
It also said that property listings grew to 854,000, reflecting that increase.
Reporting on the six months ending March 31, the group said its revenues were up 130%, to £96.4m.
The group, which bought the Property Software Group for £75m in April, will be paying an interim dividend of 1.5p per share.
CEO Alex Chesterman said he was “delighted with the Group’s first half performance and our growth as we delivered both record revenues and adjusted EBITDA.
“We continue to lead innovation and further differentiate our offering in line with our mission to be the best resource for consumers when finding, moving or managing their home and to be the most effective partner for related businesses.”
Today’s half year report said it expects “continued partner growth within the Property Services division”.
It said that this time a year ago, Zoopla had experienced “significant UK agency churn” as the result of the launch of OnTheMarket and “its restrictive one other portal rule”.
Advertising per agent has now grown by 2% to £361 per branch per office.
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a devastating effect on a number of Companies that have committed to joining them in sussex, the agents that have joined up are few and the refferals non-exisitent. One I know has managed to get out of the agreement and get back to Zoopla another has been less sucessful and been threaten with legal action by on the market. How long can they hold on to their agents in these areas ? they are ready walking..
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