LETTING & ESTATE AGENT

Zoopla named sixth fastest growing tech company in Britain

Zoopla named sixth fastest growing tech company in Britain

Zoopla Property Group, owner of Zoopla and PrimeLocation, has been named the sixth fastest-growing private technology, media and telecoms business in Britain in this year’s Sunday Times’ Tech Track 100 list.
 
The list, which is published annually, ranks Britain’s leading private technology, media and telecoms companies by sales growth over the past three years.

Zoopla is the only property-related business included in the latest list, which puts Zoopla’s sales growth at 213.64% over the last three years.

The listing will not have done any harm to Zoopla’s ambitions for further growth, which could include a stock market listing.

If it does list, it could be valued at between £1bn and £1.3bn, putting founder Alex Chesterman’s own 9% stake at around £100m.

Chesterman’s ambitions for Zoopla are certainly clear enough. “We set out to win, to become the most comprehensive, the most useful and biggest property site in the UK,” he told the Sunday Times.

“Number two is not good enough.”
 
Meanwhile, both Zoopla and Chesterman himself have been shortlisted for several awards. ZPG has been named a finalist for both ‘Company of the Year’ (Growing Business Awards) and ‘Europe’s Most Exciting Company of the Year’ (Investor All Stars Awards), while Chesterman is currently in the running for ‘Entrepreneur of the Year’ in both the National Business Awards and Ernst & Young Entrepreneur of the Year Awards.
 
Zoopla launched five years ago and claims that 63% of online house hunters in the UK now use its websites each month to search for a property.

Chesterman said: We’re extremely proud of the growth that we’ve achieved and the awards that we’ve been nominated for. They are a welcome reward for the hard work and dedication of our team.

“We are of course delighted to be featured in the top ten of this year’s Sunday Times Tech Track list, amongst some other very exciting tech and media businesses.”