13th Oct 2023 14:16
RentGuarantor Holdings PLC - London-based rent guarantee service provider - Says revenue and tenant contracts in the third quarter of 2023 were approximately double those achieved last year, reflecting growing demand. Signed partnership agreements with 16 letting agent entities or groups, and a strategic contract with Let Insurance Services Ltd, trading as The Lettings Hub, for use of RentGuarantor services. Company also implemented a new internal technology system from Cambridge, Massachusetts-based software developer HubSpot, which "will allow for the more efficient management of company data."
Chief Executive Officer Paul Foy says: "I am pleased to provide this update to shareholders following another successful quarter for the company. Once again, we have seen increases in demand for our services...This has been supported by the signing of a strategic agreement with The Lettings Hub; we look forward to offering their tenants the option of a guarantor, whilst collaborating further on providing technology-driven solutions to serve the rental value chain."
Current stock price: 274.00 pence
12-month change: up 30%
By Emma Curzon, Alliance News reporter
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