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OnTheMarket Plc

INTERVIEW: OnTheMarket plc Delivering transformational growth

OnTheMarket plc (LON: OTMP) CEO Ian Springett joins DirectorsTalk to discuss FY2019 results. Ian talks us through the key points, explains how the company has created value for its agents, the conversion from free trial to paying contracts and how investors can gauge company success throughout the year.

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.

The company 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.