Gosforth-based iamproperty’s latest results show the proptech group continued its growth, with a 39 per cent rise in revenue up to £76.5m.

EBITDA also increased, rising by 62 per cent to £11.5m. Both figures for the year ending 31 October 2023 are the highest recorded by the company since it was founded in 2009 by entrepreneurs Ben Ridgway and Jamie Cooke, who still lead the business today.

iamproperty provides digital solutions to Estate Agents, and now works with over 6,000 branches across the UK. Last autumn, the business announced its future strategy and vision to create an integrated ecosystem of solutions.

To support this phase of innovation, in October Perwyn was announced as its new private equity partner. Mark Lewis was then appointed as Group Chairman, bringing experience of leading and scaling many well-known businesses with great technology at their core, such as eBay UK and MoneySupermarket Group plc.

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The business also welcomed 250 new employees during the financial year, with its headcount now at over 550, and a recruitment drive underway to add more talent across multiple departments. As well as announcing its ecosystem vision, the business continued to develop its portfolio of market-leading solutions which include CRM, auction, compliance, onboarding and sales progression.

iamproperty pioneered the Modern Method of Auction (MMoA), and within the financial year sold over £1.5bn worth of property for the first time in a 12-month period. One in every 100 properties sold in the UK is now by iamproperty via MMoA.

Ben Ridgway, Co-Founder of iamproperty, said: “2023 brought new challenges for the property market, however our ability to deliver strong results in any kind of environment shows our resilience. Continued growth has seen us welcome more team members as well as new Partner Agents.

“Our ecosystem will ultimately provide agents with a single platform to manage their whole day, with everything under one roof, one central login and one partner relationship."

Jamie Cooke, Co-Founder of iamproperty, added: “These results belong to our team. From supporting our Partner Agents through difficult market conditions to helping us to lead the way, our people are at the centre of it all.

"We’re heading into 2024 with big plans, but what has always been important to us is still the same – continuous innovation so our solutions remain at the front of the market.”