11th Aug 2026 14:28
(Alliance News) - RentGuarantor Holdings PLC on Tuesday said the renters' rights act that came into force in England in May had a positive impact on its business in the first half of 2026.
The London-based provider of rent guarantee services in the UK private rental sector said it swung to a pretax profit of GBP251,395 in the first half of 2026, from a pretax loss of GBP591,576 a year prior.
Revenue surged to GBP3.4 million from GBP969,811.
The firm said: "The strong revenue growth reflects increasing market adoption of the group's professional guarantor solution and the positive impact of the implementation of the renters' rights act, which has accelerated demand across the private rental sector."
Adjusted earnings before interest, tax, depreciation and amortisation were GBP110,000, compared to a loss of GBP124,000.
Administrative expenses increased to GBP2.7 million from GBP1.2 million.
Chair Graham Duncan said: "This period has seen the implementation of the renters' rights act, which came into force in May, and the significant groundwork that we had put in place for some considerable time beforehand has meant that we have quickly seen the benefit from the increasing demand these changes have brought. During this period, we continued to strengthen and invest in our technology and team, as well as further developing our industry partnerships and raising our brand awareness in a growing marketplace."
The company did not declare a dividend, saying it is "appropriate" to retain financial flexibility at this stage.
Chair Duncan said: "The first half of the year has been our busiest ever with growth across the business. The team behind the numbers has also grown and developed. The enthusiasm and energy of everyone connected with RentGuarantor has been vital to what we have achieved, and I would like to thank everyone for their dedication, hard work, and at times, long and unsociable hours.
"The second half of the year has started extremely positively, and we expect to see continued strong financial performance throughout the remainder of 2026 and into 2027 - further supported by the strategic launch of the RGG Tech Lab in Bristol, and historical strong performance during the third quarter of each year."
RentGuarantor shares were flat at 53.00 pence each on Tuesday afternoon in London. They are 74% higher since the start of 2026.
By Tom Budszus, Alliance News slot editor
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