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YOPA has recorded a a strong increase in year-on-year revenue and a further trend towards profitability as part of their five-year strategy implemented in October 2022.
The latest accounts filed at Companies House, for the year ending September 2024, show that the hybrid estate agency saw revenue increase by 22% from £17.3m in the 2023 financial year to £21.2m in 2024.
Since 2022, under the stewardship of CEO Verona Frankish, YOPA has slashed inherited losses by 48% from £6.1m in 2021/22, and signs are this trend could improve in 2025 with a forecast for the 2025 FY of £27m in revenue and a small deficit of £0.5m.
Frankish and her team have overseen major changes in the business of late, increasing agent headcount from 140 to 200.
Scout FS, YOPA’s financial services division, has also seen strong growth in annual revenues – up 98% as a consequence of the investment made in this ancillary business.
YOPA’s Associate model, the personally branded agency model that runs alongside the core franchise offering to provide genuine customer choice, is also growing.
Frankish said: “When we restructured the YOPA business in early 2022 as I joined, we set out a five year strategy to take its then loss making activities toward profitability.
“The financial results that we have just filed at Companies House are the third such set of accounts since those changes were made and I’m delighted with the progress we are making as a team and the results we are delivering. In one of the most competitive sub-sectors in the UK
property industry, the YOPA team are proving that offering fantastic consumer value can be delivered without compromising outcomes and via a sustainable, constantly improving financial performance.
“Yopa is a business in growth mode, whilst becoming more financially efficient, and we have listened and responded to the needs of our customers, our agents and the wider market.
“Investing in areas such as financial services and our new Associate model, further improves our offering to home sellers, buyers and agents alike.
“In 2025, we expect to see revenue growth to £27m and month by month profitability, all as testament to the unwavering endeavours of our fantastic people and our ever supportive board – and to all of whom I am sincerely grateful. We are on track to achieve profit in FY 2026.
To have achieved this improving performance against a backdrop of so many political and economic headwinds in the last three years is really quite something.”
YOPA board chairman, Manuel Lopo de Carvalho, added: “The leadership team, and the shareholders, have invested heavily into people, ancillary revenue streams and operational efficiency in recent years, and those efforts are proving successful. 2026 will be a pivotal year for the business as we continue to grow revenue and realise.”
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