Summary
Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom and internationally. It operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. It also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms. The Other segment offers overseas and commercial property advertising services; and non-property advertising services that include third party advertising and data services. It serves estate agents, lettings agents, and new homes developers. Rightmove plc was founded in 2000 and is based in Milton Keynes, the United Kingdom.
History
Rightmove was incorporated on 16 May 2000 and it launched its website, rightmove.co.uk, in July 2000. Rightmove's founding shareholders were Countrywide plc, Halifax, Royal & Sun Alliance and Connells.Rightmove was first listed on the London Stock Exchange on 15 March 2006 at which time it became Rightmove plc.In 2007 Rightmove bought 67% of Holiday Lettings Limited. In May 2008, HBOS, one of the founding investors, sold its stake in Rightmove. According to Forbes, Rightmove operates on a two-sided model which serves a vast “audience” for property listings on one side and 20,000 advertisers of available properties on the other side.In November 2019, the company announced the appointment of Andrew Fisher as its Chairman, succeeding Scott Forbes who was in the role for over 14 years.
Mission
Rightmove is committed to being the most trusted, helpful and easy-to-use site for buying and selling property, providing the latest and most accurate data, tailored to individual buyers’ needs.
Vision
Rightmove’s vision is to provide the most comprehensive and accurate property data in the UK, making it easy and enjoyable for buyers to search for their new home or for sellers to find a buyer.
Key Team
Mr. Thomas Miles Shipside (Commercial Director)
Mr. Peter Armstrong (Commercial Property Director)
Recognition and Awards
Rightmove has won numerous awards, including “Best Property Portal” from the 2016 and 2017 Property Awards, and “Best Online Property Business” from the 2017 British Business Awards. The company has also been recognised as one of the top five most trusted brands in the UK property sectors in 2019.
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