REG - RentGuarantor Hldgs - Quarterly Trading Update

Rentguarantor HoldingsAnnouncement

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RNS Number : 7000Z  RentGuarantor Holdings PLC  09 April 2026

 

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09 April 2026

RentGuarantor Holdings PLC

 

(the "Company" or "RentGuarantor")

 

Quarterly Trading Update

 

 

RentGuarantor (AIM: RGG), a leading provider of rent guarantee services to
prospective tenants seeking to rent property in the UK(1) private rental
sector, is pleased to provide an unaudited quarterly trading update for the
three-month period ended 31 March 2026 ("Q1" or the "Quarter").

 

Highlights

·    Revenue increased by 105% year-on-year ("YoY") for the Quarter,
exceeding Company forecasts. Growth was driven by a substantial increase in
tenant contracts.

·    Should the current performance continue, the Company is cautiously
optimistic that its FY 2026 revenues will be ahead of current market
expectations.

·    The Company entered into a two-year strategic partnership contract
with the National Residential Landlords Association (the "NRLA"), which has a
membership of over 111,000.

·    Extended its partnership with Rob Rinder MBE, supporting the
Company's mission to drive consumer and landlord education surrounding the
important role of guarantors.

·    Launched a new website.

·    Entered into a licence agreement with mydeposits to develop a rent
deposit product to be offered alongside, and enhance, RentGuarantor's existing
professional guarantor service.

·    Appointed Cavendish Capital Markets Limited as its joint broker.
Shore Capital also appointed as joint broker just after the end of the
Quarter.

 

 

Paul Foy, CEO of RentGuarantor, said: "Q1 2026 was another fantastic period
for the Company, with year-on-year revenue more than doubling. Growth exceeded
the strong levels achieved in the previous quarter, surpassing even the
Board's expectations and leading to our optimism that projections for the year
can be exceeded.

 

"This growth was a consequence of the substantial increase in tenant contracts
signed during the period - 583 more than the corresponding quarter last year.
This, I believe, demonstrates the success of our marketing strategy, with
plenty of positive momentum generated ahead of the implementation of the
Renters' Rights Act on 1 May 2026, which has the potential to create
significant opportunities for the Company.

 

"Our positive engagement with a number of industry groups has continued,
having onboarded 139 new lettings agents, charities, councils and universities
in Q1. Our strategic partnership with the NRLA is testament to our position at
the forefront of the industry, and provides exposure to thousands of potential
new customers, whilst our licence agreement with mydeposits will allow us to
expand and enhance our offering.

 

"As a forward-thinking property tech company, we're always looking to invest
in our digital infrastructure to enhance user experience and support future
growth. In Q1, our new website, with an improved user interface, was launched,
and we announced the development of AI infrastructure to reduce application
times and increase capacity, supporting future growth.

 

"I look forward to updating stakeholders as we continue to grow and progress
throughout the year."

 

 

Continued Strong Growth

Revenue is up 105% YoY for the Quarter, significantly outpacing the growth
seen in the previous quarter of 83.3%, and underlining the sustained and
accelerating demand for the Company's guarantor services. Performance over Q1
has materially exceeded Company forecasts, reinforcing the Board's optimism
that RentGuarantor can deliver full year revenues ahead of current market
expectations.

 

Growth was driven by a substantial increase in tenant contracts, which the
Board sees as a direct result of the Company's marketing strategy and the
continued strength and execution of the sales team, as well as the positive
momentum generated ahead of the implementation of the Renters' Rights Act on 1
May 2026.

 

A summary of revenue performance for Q1 is presented in the table below. These
figures are unaudited and rounded:

 

                                       Q1 2026    Q1 2025
 Revenue                               £882,428   £429,867
 YoY growth (%)                        105%
 Number of tenant contracts completed  1,145      562
 YoY growth (%)                        104%

 

Continuing from Q4 2025, RentGuarantor continued to accelerate marketing spend
during Q1 2026, seeking to capture opportunities presented by the impending
Renters' Rights Act.

 

Strategic Partnership with NRLA

The Company entered into a two-year strategic partnership contract with the
NRLA, with effect from 11 February 2026. Under the terms of the partnership,
the NRLA and RentGuarantor will create a co-supported education and training
programme, aimed at helping landlords to manage risk and protect their rental
income in light of the significant sector-wide changes proposed in the
Renters' Rights Act. Additionally, the NRLA will promote the RentGuarantor
service to its membership of over 111,000.

 

The NRLA is the principal membership body and trade association for private
residential landlords in England and Wales, representing the interests of
landlords and providing guidance and resources. As an existing 'Recognised
Supplier' for the NRLA, RentGuarantor is amongst its approved service
providers. The strategic partnership builds on this existing relationship.

 

Extension of Partnership with Rob Rinder MBE

In February, the Company extended its partnership with barrister, broadcaster
and author Rob Rinder MBE, originally announced on 18 August 2025. Under the
new agreement, which covers a period of one year, Mr Rinder will expand his
role of brand ambassador to support the Company's mission to drive consumer
and landlord education surrounding the important role of guarantors.

 

With over 5.4 million households privately renting in the UK - and rising -
RentGuarantor anticipates that demand for its service will expand, underpinned
by the regulatory changes from the Renters' Rights Act, due to commence
implementation from 1 May 2026.

 

Against the backdrop of this market opportunity, the partnership with Rob
Rinder will continue to form a significant part of the Company's mission to
further inform tenants about professional guarantors as a potential solution
to help them secure a rental home, while also shining a spotlight on the
benefits for landlords in a changing lettings landscape.

 

Launch of New Website

Developed by Krow Group, part of Mission Plc (TMG.L), the upgrade to the
website provides an improved user interface, offering stakeholders a more
engaging and accessible digital experience, whilst enabling potential
customers to navigate through the Company's service offering and obtain a
quote with ease.

 

The investment into the new website further reinforces the Company's wider
marketing activities and brand strategy ahead of important industry changes.

 

Licence Agreement with mydeposits

The agreement with Tenancy Deposit Solutions Limited, trading as mydeposits
("mydeposits"), represents an initial stage in the Company's plans to develop
a rent deposit product to be offered alongside, and enhance, RentGuarantor's
existing professional guarantor service.

 

mydeposits is one of three UK government-authorised tenancy deposit protection
schemes, which has been in operation since 2007, representing approximately
400,000 landlord members and protecting more than £1.3 billion of tenant
deposits across the UK private rental sector. Landlords and letting agents are
legally required to protect all tenancy deposits (also known as security
deposits) in a government authorised tenancy deposit scheme.

 

Through this innovative model, RentGuarantor aims to simplify the processes
for both guarantor and deposit requirements by:

 

-      Providing landlords with the security of mydeposits'
government-approved deposit protection scheme and RentGuarantor's professional
guarantor service that safeguards against rent arrears.

-      Allowing both the deposit and rental income to be protected for
the landlord and tenant.

-      Utilising RentGuarantor's expertise in tenant-landlord
relationships.

-      Using RentGuarantor's proven technology platform to enable a swift
application process and results.

 

The agreement represents a new offering for RentGuarantor, which the Board
believes will expand its product portfolio and strengthen its value
proposition within the UK private rented sector.

 

Development of AI Infrastructure to Support Long-Term Growth Plans

In February, the Company provided an update on the in-house, bespoke
artificial intelligence ("AI") infrastructure that it is developing. The Board
considers that AI will significantly support the

Company's ability to scale its operations to enable it to achieve its
long-term growth plans.

 

Using its AI tools, the Board believes that RentGuarantor would illustratively
have the potential to increase its capacity for processing tenant documents to
approximately 100,000 contracts per year by 2029, a 30-fold increase over the
number of tenant contracts completed via its platform in FY25, while also
delivering significant efficiency gains.

 

Appointment of Joint Broker

During the period, the Company appointed Cavendish Capital Markets Limited as
its joint broker. Allenby Capital Limited remained as RentGuarantor's
Nominated Adviser.  Shore Capital were appointed as joint broker subsequent
to the Quarter end.

 

 

(1) Currently excluding Northern Ireland.

 

Ends

 

To engage with this announcement on our Investor Hub, please use the following
link: https://investorhub.rentguarantor.com/link/r8Kxge
(https://investorhub.rentguarantor.com/link/r8Kxge)

 

For more information, please contact:

 

 RentGuarantor Holdings PLC                      Allenby Capital Limited

 Paul Foy, Chief Executive Officer               AIM Nominated Adviser

 +44 207 193 4418                                Alex Brearley / Nick Harriss / Ashur Joseph (Corporate Finance)

 Kam Bansil / Ian Mitchell, Investor Relations   +44 20 3328 5656

 +44 207 039 1901

 Cavendish Capital Markets Limited               Shore Capital

 Joint Broker                                    Joint Broker

 Stephen Keys / Callum Davidson                  Oliver Jackson / James Thomas / Ansh Batura

 (Corporate Finance)                             +44 207 7408 4090

 Michael Johnson / Dale Bellis

 (Sales)

 BlytheRay

 Financial PR

 Megan Ray / Will Jones

 +44 207 138 3204

 rentguarantor@blytheray.com

 

 

About RentGuarantor

RentGuarantor provides a rent guarantee service to tenants wishing to rent
property in the UK(1) from the Private Rental Sector. It is an online service
where applications are managed on a secure and bespoke digital platform
designed and built by the Company. The goal is to make the process as simple
as possible, with applications only taking a few minutes and RentGuarantor
seeking to complete the application on the same day.

 

 

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