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RentGuarantor Holdings PLC on Thursday reported a widened loss during the first half of 2025, driven partly by one-off costs related to its shares starting trading on London’s AIM. The London-based provider of rent guarantee services in the UK private rental sector said its pretax loss widened to £591,576 in the six months that ended June 30, from a £452,360 loss the year before. This was the result of administrative expenses jumping 32% to £1.2 million from £871,003, and a negative £109,562 revaluation of convertible loan notes against a positive £12,950 valuation a year earlier. RentGuarantor attributed around £227,000 of these expenses to its admission to the London Stock Exchange’s AIM, where its shares began trading in mid-August. This completed its move away from the Aquis Stock Exchange Growth Market. Revenue, on the other hand, nearly doubled to £969,811 from £517,589. ‘The second half of the year has started positively but we will continue to manage the business in a prudent manner. Economic and political uncertainty continue to be significant challenges for many,’ said Non-Executive Chair Graham Duncan. ‘Although interest rates have slightly decreased, inflation remains persistently above target levels and may be on the rise. The Renters’ Rights Bill has completed its committee stage in the House of Lords and royal assent is currently expected this autumn. ‘This bill is expected to be the most significant regulatory change in the rental industry in nearly 50 years. We believe this reform of the private rental sector will be positive for RentGuarantor and our achievements in the first part of 2025 mean that we are very well positioned to benefit from the changes that will impact both tenants and landlords.’ Shares in RentGuarantor were up 5.5% at 29.00 pence in London on Thursday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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