Reeds Rains Limited
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Reeds Rains Limited - overview
Established
1868
Location
York, -, UK
Primary Industry
Commercial Property
About
Founded in 1868 and based in York, UK, Reeds Rains Limited operates as an estate and letting agent. In October 2005, LSL Property Services, a portfolio company of Equistone Partners Europe and Parallel Private Equity, acquired Reeds Rains Limited. The company provides full services to buyers, sellers, landlords, and tenants, including property sales, lettings, valuations, conveyancing, and insurance. The firm works on a no-sale, no-fee premise with sellers, ensuring possible price for each property.
Buyers benefit from Reeds Rains' comprehensive market knowledge and local expertise, which streamlines the process of buying a home. Reeds Rains helps landlords manage their rental properties, from locating acceptable tenants to dealing with maintenance difficulties. Reeds Rains can help tenants find the appropriate rental house, with a variety of properties to fit diverse preferences and budgets. One of Reeds Rains' features is its RR/online platform, which provides clients with information about their property journey.
Current Investors
LSL Property Services
Primary Industry
Commercial Property
Sub Industries
Search Engines, Commercial Property
Website
www.reedsrains.co.uk/
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Reeds Rains Limited - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 39,103,000 | 45,945,000 | 45,945,000 | 45,994,000 | 46,346,000 | 44,377,000 | 28,127,000 | 22,294,000 | 27,502,000 | - | - | - |
| % Revenue Growth (YoY) | - | 17.5% | - | 0.1% | 0.8% | (4.2%) | (36.6%) | (20.7%) | 23.4% | - | - | - |
| EBITDA (USD) | 3,093,000 | 5,191,000 | 4,313,000 | 3,464,000 | 4,412,000 | 1,895,000 | (698,000) | 2,993,000 | 2,357,000 | - | - | - |
| Operating Income (USD) | 2,512,000 | 4,326,000 | 3,253,000 | 2,224,000 | 3,246,000 | 559,000 | (2,815,000) | 1,283,000 | 1,258,000 | - | - | - |
| Operating Margin | 6.4% | 9.4% | 7.1% | 4.8% | 7.0% | 1.3% | (10.0%) | 5.8% | 4.6% | - | - | - |
| % EBITDA Margin | 7.9% | 11.3% | 9.4% | 7.5% | 9.5% | 4.3% | (2.5%) | 13.4% | 8.6% | - | - | - |
| NET Income (USD) | 2,064,000 | 3,489,000 | 2,489,000 | 1,720,000 | 2,717,000 | 330,000 | (2,687,000) | 879,000 | 862,000 | - | - | - |
| % Net Margin | 5.3% | 7.6% | 5.4% | 3.7% | 5.9% | 0.7% | (9.6%) | 3.9% | 3.1% | - | - | - |
Reeds Rains Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Reeds Rains Limited | - |
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