Online agent Yopa has filed accounts at Companies House showing a loss of £3.7m.
The latest accounts cover January to September 2023, but were only signed off this week.
The online estate agency has reported a 18.4% fall in turnover to £12.7m, but this is up on the £7.8m reported in 2022. This is also a major improvement compared to the £33.05m it lost in 2018.
Verona Frankish, chief executive of YOPA, commented: “YOPA is in a very strong position having seen sustained revenue and bottom line growth in the last two and a half years.
“We have transformed our operating model and improved our profit and loss significantly whereby we are now on target for a profitable 2024/2025 financial year as per plan.
“2024 has seen a number of profitable months and this has been achieved through the established brand that we’ve built and the diligence and dedication of the YOPA team which in spite of our growth in customers and revenue, has become even more efficient.
“I am immensely proud of our journey and our performance as the most successful hybrid estate agency in our sector”.
The annual report also confirms that five of Yopa’s six directors have resigned, with just chairman Manuel Lopo de Carvalho remaining with the firm.
The full accounts can be viewed here.
