Zoopla

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Zoopla Property Group plc
Public
Traded as LSE: ZPLA
Industry Internet, real estate
Founded January 2008
Founder Alex Chesterman
Simon Kain
Headquarters London, United Kingdom
Key people
 Mike Evans, Chairman
Alex Chesterman, CEO
Services Property search and research
Revenue £80.2 million (2014)[1]
£28.5 million (2014)[1]
£21.1 million (2014)[1]
Owner Daily Mail and General Trust
Website www.zoopla.co.uk

Zoopla (Zoopla PLC) is a British property website covering the residential property market, partially owned by Daily Mail and General Trust and estate agent Countrywide.[2][3][4] Zoopla focuses on providing users with access to information such as sold house prices, area trends & statistics and current value estimates for domestic properties in the UK. Zoopla PLC is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The Group was founded in 2007 and the Zoopla website was launched in January 2008 by Alex Chesterman, who also founded ScreenSelect (later LoveFilm) and Simon Kain, LoveFilm CTO.[5]

The Zoopla website had 1.6 million visitors in March 2010.[6]

Zoopla have sponsored West Bromwich Albion Football Club since 2012.[7] In January 2014, founder Alex Chesterman, who is Jewish, decided to remove support of the club after an allegedly anti-Semitic gesture from player Nicolas Anelka made headlines.[8]

Operations

Zoopla is a searchable directory of UK residential properties using various sources like the Royal Mail's postcode database, the UK HM Land Registry's data on property transactions, Google maps, and other data sources.

Based on this data, Zoopla has developed an automated valuation model or algorithm that provides a computed valuation estimate for any property in the UK. Zoopla also allows users to claim their home or set a TemptMe price, similar to US website Zillow. The accuracy of Zoopla's computed valuations is disputed.[9][10]

Corporate Ownership

Zoopla is backed by Accomplice, Octopus Ventures and other investors.[11][12]

In July 2009, Zoopla acquired property website Thinkproperty.com from the Guardian Media Group.[13]

In August 2009, Zoopla acquired the PropertyFinder Group, consisting of the websites Propertyfinder.com, Hotproperty.co.uk and UK Property Shop, with combined annual revenues of £7M, from prior owners the REA Group and News International for an undisclosed sum.[14]

Footballer Youssouf Mulumbu wearing a West Bromwich Albion shirt endorsed by Zoopla in 2013

In October 2011 Zoopla and Digital Property Group, the subsidiary of A&N Media which operates property websites Primelocation.com, Globrix.com and FindaProperty.com, merged their respective businesses andin May 2012, Zoopla acquired property information website UpMyStreet.com.[15] and in June 2012 formed Zoopla Property Group Ltd.[16]

In December 2012, Zoopla acquired property information website Globrix.com.[17]

In Spring 2013, Stephen Morana, formerly of Betfair Group Plc, was appointed new Chief Financial Officer (CFO).[18]

Zoopla's owner, the Daily Mail and General Trust began to float Zoopla on the stock market in June 2014.[19]

See also

References

  1. ↑ 1.0 1.1 1.2 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Nielsen NetRatings, March 2010
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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