Deposit alternative supplier claims record breaking performance

Deposit alternative provider Reposit gained 243 new agency or Build To Rent partners in 2024, in what the firm claims is a record breaking year of growth.

The list of partners included Boydens, the family owned estate agency with branches in North Essex and South Suffolk, while in the BTR sector Reposit announced partnerships with operators at various sites including The Ironworks in Sheffield with Plumlife and Pinnacle Group’s Lampton Parkside in Hounslow.

Last year alone they also secured over 20 new partnerships with a number of branches within The Property Franchise Group network, including Belvoir, Northwood & Nicholas Humphreys.

The number of new partnerships rose by 58% last year compared with 2023, while YoY revenue increased by 32% overall, marking a strong and strategically successful year. Not only has the business grown its client base but also delivered its third full year of profitability.

Ben Grech, chief executive of Reposit, saysthe company’s performance reflected growing demand for deposit alternatives.

Read the full article at Letting Agent Today