About TPFG
Our Business Model.
Three divisions, one shared platform. Independent businesses serve the customer, we equip them to win, and we earn fees as they grow, with much of our income recurring and little of it needing our capital.
How it works
Our business model
From the customers our network serves, to how the Group earns, to the divisions and shared platform behind it. Select a division to see how it makes money.
Independently-owned estate agency and lettings businesses trade under our brands, using our systems, training and compliance. We earn a Management Service Fee on their revenue, so as franchisees grow, we grow with them.
- 35,000 properties sold
- 149,000 managed properties
- £40k avg MSF per franchisee
Our advisers arrange mortgages and protection for home buyers, remortgagers and landlords. We earn commissions on each case completed.
- c.300 mortgage advisers
- 25,000 mortgages arranged
- £4.4bn lending arranged annually
Independent agents access the Group's brands, referral networks and marketing platform without becoming franchisees. Fixed monthly fees make this our highest recurring income business and our route into international markets.
- 1,042 members & licensees
- 74% recurring revenue
- 19 countries
Platform model
We develop and launch services that help our network win: rent guarantee products, digital marketing tools and compliance packages among them. Some respond to unmet customer needs, others to regulatory change. Every new service deepens the platform and adds revenue from our existing cost base.
We invest centrally in technology that individual businesses could not build alone, and we deploy AI where it lifts productivity: qualifying leads, booking valuations and cutting admin. Tools are built once and deployed across the whole network, so every improvement scales.
Across the Group we hold millions of customer records, and each one is a relationship that can grow. A home seller may need a mortgage; a landlord may need professional management; a mortgage customer may need protection today and a new deal in years to come. Using our data well means connecting customers to the right service at the right moment, increasing the value of every relationship over time.
A network of around 1,900 businesses buys a lot. We negotiate with suppliers at Group scale and pass the benefit on, giving our network access to products and preferential rates that independent operators cannot obtain alone.
Compliance, marketing, finance and legal expertise is built once, at the centre, and made available to every business in the Group. Each new acquisition plugs into infrastructure that already exists, which is why the Group can grow revenue faster than it grows cost.
Data relates to FY2025.
Our brands
A multi-brand portfolio with national reach
Eighteen brands operating across estate agency, lettings, financial services and licensing.
Investment case
Why invest in TPFG
TPFG combines three complementary divisions with a shared technology, compliance and operations platform, generating high recurring revenue, strong cash conversion and disciplined growth through acquisition.