Goodlord annual results: Financial year 2024

Over the last ten years, Goodlord has grown from an acorn of an idea — to make renting better for everyone — to a deep-rooted, strong, and growing business. We now support over 3,500 letting agent brands, hundreds of thousands of landlords, and well over 1 million tenants. Each year, over 1 million users across the UK rely on our technology.

Throughout the decade since we were established, we have dedicated ourselves to building:

• The foundations of a business that can stand the test of time
• A business that can continually add value to a growing client base against a backdrop of ever changing rules, regulations and market conditions.

And we believe that the time, capital, and effort spent on driving towards this goal has been a success.

To get more context on our annual results from FY24, use the menu below, or keep scrolling 👇

• A year of milestones
• Looking ahead
• Taking stock of our achievements

A year of milestones

In the coming days, our latest annual accounts will highlight a range of milestone achievements for this business.

These are achievements of which I personally am very proud. However, primarily, they are results which highlight the talents and dedication of Goodlord’s 300-strong team and the trust placed in us by our rapidly expanding community of customers. Some key highlights from our 2024 financial results include:

• Goodlord was profitable on an EBITDA basis
• Our revenues are growing over 40% year-on-year
• We have a strong balance sheet and are cash generative

Achieving these milestones underscores the success of our strategy to date - where we have prioritised building the best product in the market, crafted by the largest development team in the lettings space and informed by those with deep expertise in the private rental sector.

Developing sector-leading technology is, naturally, time and resource intensive, but we have long believed that this route was the only way to create a solution for letting agents and landlords that can bring true long-term value.

These results showcase that not only have we created an offering that is valued by the market, but that we have also been driving forward a strategy that delivers long-term stability for the business. 

Looking ahead

Goodlord’s ambition remains undimmed and our momentum unchecked.

From this position of financial security and profitability, we aim to move faster and deliver even better solutions for our customers and the wider industry.

These plans build on key recent developments such as the launch of Goodlord PRO tenant referencing, our latest platform edition Aspen, and our newly-integrated Automated Sanctions Checks, built to make compliance as seamless as possible ahead of next month’s regulatory change.

Taking stock of our achievements

When you’re building a company, it’s a ‘heads down’ process. There aren’t many moments to ‘look up’. So I wanted to take this one - as we celebrate such fantastic annual results - to say thank you to everyone who has helped bring the business to this point.

The team of Goodlordians who make it happen. Our investors who believed in our vision. Our industry partners, numbering over 30 in all.  And our customers who trust us to support their work in this most vital of industries.

So, thank you to all. And here’s to the next ten years.