Revenues rise at iamproperty despite slowdown in housing market

Click to read the article in full.  

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.

Read more : signs of improvement in North East economy

Go here for more North East business news

Last year headcount topped 500

 link source - Business Live News https://i2-prod.chroniclelive.co.uk/incoming/article20947887.ece/ALTERNATES/s1200/0_CFR_NJL_010721property_01JPG.jpg

Continue reading this article at the original source Here