ULS Technology ups profit by 15%

Jessica Nangle

April 26, 2017

ULS Technology increased profit by 15% to £4.4m in the year to March 31 2017.

The group, which provides online B2B platforms for the UK conveyancing and financial intermediary markets, hopes to continue its momentum after acquiring Conveyancing Alliance Holdings at the end of December 2016.

ULS also hopes arrangements with mortgage lenders and the estate agents will help it grow.

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Ben Thompson, chief executive of ULS Technology, said: “It has been a good year for the group, with revenue and profit momentum continuing.

“Excluding remortgages, the volume of housing transactions in the UK market fell by 13% year-on-year while ours increased by 4% organically, testament to the compelling proposition that we provide to our partners and their customers.

“I am also delighted that CAL agreed to become part of the group, giving us the means to expand into the estate agency market, helping more customers to move home as seamlessly as possible.”

The group will be releasing its full year results for the year ending 31 March 2017 on 27 June 2017.

Thompson added: “We look forward to the coming financial year and expect both continued organic growth and to seek further attractive complementary acquisitions.”

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