Druces have advised RentGuarantor Holdings PLC, a provider of rent guarantee services to prospective tenants across the socio-economic spectrum wishing to rent property in the UK private rental sector, on its admission to the AIM market of the London Stock Exchange, and withdrawal of trading from the Apex Segment of the Aquis Stock Exchange.
RentGuarantor manages its applications via a secure and bespoke digital platform, designed and built by RentGuarantor with the primary aim of streamlining the rental process for tenants and landlords. The platform can process a significant volume of applications per minute – a capacity that positions the company to handle future growth. RentGuarantor has demonstrated continued strong growth, with revenue increases that reflect a growing demand for its service. In the year ended 31 December 2024, the Company recorded a 72% rise in revenue, a 50% rise in the number of tenant contracts, and a 14% rise in average contract price. Through its admission to AIM, RentGuarantor now has access to a world-leading growth market, and potential investor base, from which it can seek to pursue further growth initiatives.
Paul Foy, CEO of RentGuarantor, shared:
“The board of RentGuarantor have been looking forward to our move on to AIM. Thanks to Jack and his team at Druces for their support over the last four months in helping us navigate the legal process and making the transaction possible.”
Jack Dervyn, Partner and Head of Capital Markets, commented:
“Druces acted on the admission to Aquis of RentGuarantor back in 2021, and we are pleased to be a continued part of the company’s evolution. Timing is key when making a move such as this, and the board of RentGuarantor and their dedicated team have made this possible through their hard work. We congratulate all at RentGuarantor and everyone involved, on the admission to AIM.”
The Druces deal team consisted of Partner and Head of Capital Markets , Jack Dervyn, and Julide Hasan (Trainee Solicitor).
If you require specialist advice, please contact Jack Dervyn at j.dervyn@druces.com or complete the form below.
