Profit Track 100

This flatshare website claims it has 9m registered users in the UK and US, and finds someone a flat mate every three minutes. It operates a freemium model, where the basic service is free, but people with rooms to let and would-be tenants pay to boost the position of their ads and unlock all features, such as the ability to message landlords in the first seven days of a posting. It holds regular ‘speed dating-style’ flat mate evenings in both the UK and US. The company has been expanding in the US, with plans to focus on Boston, Chicago and LA, and this has impacted bottom-line profit growth since 2017. It is led by founder & CEO Rupert Hunt, 44.

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Company details
Year2019
CompanySpareRoom
ActivityFlatshare site
LocationManchester
Profits £000*2,126
Sales £000*9,479
Staff80
Founded2002
Websitewww.spareroom.co.uk