Rapleys announces record turnover after pivotal year of growth

Published by Property Week (15.06.23), EG Radius (15.06.23), CoStar (15.06.23), FM Industry (15.06.23), Insider Media (16.06.23)

• Turnover up 25% year on year with profit ratio of 32.5%
• Partnership rebranded, reorganised and acquired three other companies
• Launched pioneering People Plan, invested in people and infrastructure

UK 15 June 2023 – Rapleys has announced record results for the year ending April 2023 with turnover of £16.02m, compared to £12.8m last year, a rise of 25%, and a pre-tax profit ratio of over 30%.

The growth was led by its Building Consultancy team, which has seen 300% increase in turnover in the last three years and launched new services such as ‘Housing Consultancy’ led by Martin Gladwin which has already become a market leader, ‘Cost Consultancy’ with the appointment of Jack Cawthra as head of the team based in Manchester, ‘Sustainability & Building Services’ led by Lee Fraine who joined in June 2022. Most recently the team appointed ex-Colliers head of building consultancy, Paul Dunne as partner in the London office.

The other three core divisions of Commercial, Planning and Residential were boosted with the acquisition of three businesses in the last 12 months: planning consultancy CSJ in Bristol, residential consultancy s106 Affordable Housing on the South Coast and the biggest acquisition in the Partnership’s history with the purchase of Aston Rose in London. It also launched a new team ‘Rapleys Living’ last month.

The last year has been pivotal for Rapleys who also rebranded, reorganised and announced its investment in people and infrastructure in September and launched its people plan in May 2023 which aims to promote a fun and positive working environment, to become the employer of choice and brings together the company business plan, values, technology, employee development, management of people, wellbeing and recognition. It included new initiatives including a focus on reaching schools to educate about property as a career, increased holidays including birthdays off, bolstered CPD, removal of core hours (hours agreed between employee & manager) and a wellbeing hub amongst many others.