News
LDC-backed iamproperty recognised by The BVCA for its exceptional performance
24 May 2022
LDC portfolio company iamproperty has been recognised for its exceptional performance in 2021 as part of the Yorkshire and North East British Private Equity and Venture Capital Association’s (BVCA) ‘Vision 2022’ initiative.
Vision 2022, produced in collaboration with Grant Thornton, shines a light on the best management teams backed by the BVCA’s private equity and venture capital members.
Judging criteria includes growth, competitiveness, innovation and ESG factors, and judges consider the firms’ focus on the future as well as past performance.
Newcastle-headquartered iamproperty is the UK’s largest residential auction service and has been supported by LDC since 2019. Its digital platform, which was expanded as a result of LDC’s investment, allows a buyer to complete within 56 days with a less than 2% fall through rate – far in advance of the industry average of 125 days and 30% fall through rate.
Earlier this year, LDC also supported the business to acquire VTUK. The business aligns with the iamproperty portfolio and creates new opportunities for innovation and development for both businesses.
The BVCA judges recognised iamproperty’s strength as a great example of innovation, growth and adding value in a competitive and complex market.
The investment has enabled us to grow at great scale and pace - one which we could never have imagined previously. Through this investment, we’ve been enabled to stay completely aligned to our corporate vision and values, working hard to modernise the UK property market, and continuing to add real value for our Partner Agents across the country.”
Ben added: “We’ve grown exponentially since the investment, not just financially, but in our staff numbers; expanding teams, territories and skill sets, and within our proposition; introducing an extended auction offering through iamsold; and proudly taking iamproperty movebutler to market, first introduced as iamproperty compliance and now as the full movebutler offering.”
Michael Moore, BVCA Director General, said: “Private equity and venture capital are supporting businesses across Yorkshire and North East England to innovate, grow, create jobs and bring value to the communities they operate within. The companies recognised are leading examples of how a business can grow with the funding, business expertise and hands-on management approach synonymous with private capital.”
Find out more about the BVCA ‘Vision 2022’ Initiative and the other companies that were recognised in the Yorkshire and North East here.