Property Press Online

The Wetherby business, The Property Buying Company (TPBC) have announced their strategic report for the end of the 2018/19 financial year.

TPBC are a cash buying company that pride themselves on helping customers to sell their property quickly, no matter what the circumstance. As they are a cash buyer, this allows the business to buy properties outright in the residential areas of England and Wales. The firm originally launched by Jonny Christie and Karl McArdle in 2012, when the pair found that the industry was acting unethical, and knew they could make a change. In 2017, TPBC were able to expand further with the support of shareholder, Schneider Investment Associates. Also, within 2019, the company made the move to a new office in Wetherby and have started to recruit more employees to pursue the business’ development objectives.

In the recent strategic report, it has illustrated that the company has both developed and grown. TPBC understand that this success is due to their stock management and the attempt to seek quality over quantity.

Within the strategic report, it discusses TPBC’s 2018/19 financial year. The company made a turnover of £26.9 million, which is an increase of around 62% from the previous year. Also, the firm made a pre-tax profit of £1.14 million, which is a rise of 279% from the 2017/18 financial year.

Jonny Christie, Director said: “Since the start of the company, it has continued to vastly grow year on year. Each year, the company invests in it’s employees, systems and infrastructure. Both Karl and myself are excited to see what the future holds for the company, and we will continue to grow the business from strength to strength.”

TPBC anticipate to see a positive growth again in the 2019/20 financial year and deliver record profits.