Agent & Homes offers shares to accelerate growth ahead of third anniversary
Hybrid agency Agent & Homes will be opening a share offer to investors, with the aim of raising funds to accelerate future growth.
The announcement comes as the agency builds up to entering its third year of trading, following its launch in the summer of 2018.
Agents & Homes follows the self-employed estate agency model, where agents retain the majority of commission fees they generate, and are provided with access to all four major property portals, help with marketing and advertising, and support from administrative staff.
Despite the challenges posed by Brexit and COVID-19, the agency has delivered revenue growth of more than 560% in the 2019/20 financial year.
The agency still qualifies for the Seed Enterprise Investment Scheme (SEIS), which offers tax relief, despite moving beyond the start-up phase and having a sound trading history.
The agency, based in Notting Hill, has a team of more than 30 property professionals operating across London, Essex and the Home Counties.
Self-employed agents working for Agent & Homes have the option to work from home, from its Notting Hill Hub or a combination of both.
Rollo Miles, CEO of Agent & Homes, said: “As we enter our third year of trading, we are extremely proud of the growth we have achieved against the backdrop of a challenging property market and now we are looking to accelerate this growth over the coming period.
“Our model really is the future of estate agency and we are sure the number of self-employed agents will rise even quicker than anticipated due to the impact of recent events.
“We are therefore planning to offer shares to savvy investors who want to get ahead of the curve.
“The Agent & Homes revolution means no middle management, no endless meetings and no obligation to work at the weekend if you don’t want to.
“Instead, we provide the platform for people to offer exceptional service at great prices and enjoy being an estate agent again.
“Our agents are already set up to work from home and have been doing so since 2018 thanks to the infrastructure we have put in place.
“During lockdown, many people realised the value of having a work/life balance – our model gives them the opportunity to achieve this.
“The high street has been rapidly declining for some time and it is likely to be stifled even further due to the ongoing knock-on effects of the coronavirus pandemic.
“The modern agent does not need a high street presence.
“Instead, they should be focusing on becoming a client’s agent for life, while adapting to modern ways of working and the evolving needs and expectations of consumers.”