Revenues rise at iamproperty despite slowdown in housing market

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North East property technology company iamproperty saw revenues rise by almost 40% in the year it received new private equity backing, new accounts have revealed.

The accounts for Timec 1667 Limited – the ultimate parent company of iamproperty – show that turnover for the year ending October 31, 2023, rose from £55.1m a year earlier to £76.9m. Operating profit also grew substantially, going from £2.7m in 2022 to £4.3m.

The Gosforth firm, which specialises in technology for online property auctions, was started as a two-man team in 2009 by Jamie Cooke and Ben Ridgway.

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Last year headcount topped 500

 link source - Business Live News

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