# INTERVIEW: OnTheMarket – A very strong performance

- Link: https://www.directorstalkinterviews.com/interview-onthemarket-a-very-strong-performance/412766555
- Published: 2019-02-07T07:29:47+00:00
- Author: Giles Arbor

**OnTheMarket** (LON: OTMP) CEO Ian Springett talks to DirectorsTalk about its record
traffic and leads. Ian explains the significance of a recent victory in the court
of appeal has on the company, the key take-outs from a strong set of operating metrics,
the next steps for the company and where Ian is hoping to be by the end of 2019.

OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property
portal, is the third biggest UK residential property portal provider in terms of
traffic. It aims to deliver a market-leading, agent-backed alternative to Rightmove
and Zoopla, offering a first-class service to agents at sustainably fair prices 
and becoming the go-to portal for serious property-seekers.

OTMP was admitted to AIM in February 2018 with £30 million in new capital in order
to support a new growth strategy for the business.

At its IPO in February 2018, OnTheMarket was 70% owned by over two thousand agent
firms.

With backing from its agent owners, OnTheMarket has developed unique sources of 
competitive advantage such as the thousands of “New & exclusive” property listings
it receives every month from its agents to display 24 hours or more before they 
are on Rightmove or Zoopla.

Share on: