Rental platform Residently is facing a winding up order from HMRC thought to be for monies owed.
The onboarding platform for agents and landlords lets tenants search for properties, arrange viewings, take virtual tours, fill in forms, pay deposits and submit reference checks all on a phone.
For landlords, Residently offers a property management service with viewings, paperwork, property maintenance and renewals. Residently will also individually style and furnish every property to help potential renters visualise exactly how their home could look – an industry first.
Details are scarce but HMRC filed a winding up petition to parent Residently Services (UK) Limited on Friday last week.
Residently was launched in 2018 by founder Tom Allason hoping to take business off prime rental firms such as Savills and Knight Frank.
In December that year he raised £2.5 million from private investors and in 2019 secured £7 million seed investment to help fund its growth. That cash was used to develop the engineering and product teams, support building the rental portfolio, and add extra services to Residently’s Living platform.
At the time Chief Executive Allason said the global rental brand was using tech to offer flexibility and smart services to renters.
In July 2022 it also received €5.2 million new funding from Love Ventures, alongside existing investors Felix Capital, LocalGlobe and A/O PropTech as well as a Seedrs crowdfund.
In June last year Residently announced a new strategic partnership with MRI and Just Move In.
As part of the partnership, Residently integrated MRI’s property management software to enable property managers to streamline processes and eliminate double entry, reducing costs and improving efficiency and utilisation.
Residently has been approached for comment.
