Growing property company’s turnover hits £27m

Wetherby-based firm The Property Buying Company (TPBC) saw its turnover reach £26.9m in the 2018/19 financial year, a 62% increase from the previous financial year.

The business has released its strategic report for the year ending 31 May 2019. The strategic report shows TPBC made pre-tax profits of £1.14m in the 2018/19 year; a rise of 279% from the previous year.

TPBC is a property liquidity agent that offers a quick cash purchasing solution to its customers within the residential markets of England and Wales.

The company was launched in 2012 by Karl McArdle and Jonny Christie. Its recent move to a larger office in Wetherby and the recruitment of more employees has enabled the company to pursue its development objectives.

TPBC said it believed its success could be pinned on its stock management, and its work to seek quality over quantity.

McArdle, Director, said: “The business has grown significantly since the start of 2012, and is continuously growing year on year. As a company, we continue to invest in our systems, infrastructure and staffing.

“Both me and Jonny are excited for the future of the business and will work hard to see the business go from strength-to-strength.”

He added the firm is anticipating positive growth again for the 2019/20 financial year, and is expecting to deliver record profits.

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