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Entrepreneur Insight - Tim Coen and Oli Banks Co-founders of North Property Group

By rotide
Created 24/12/2024 - 13:18
Tim and Oli NPG.png

 Eureka moment

TC: Eight years ago, while working in a fast-growing car dealership chain, I focused on lifestyle spending-until my mum suggested property investment. Researching, I saw the sector's lack of quality service and a chance to disrupt it. I envisioned a "cradle-to-grave" solution for armchair investors, providing a hands-off experience from sourcing to management and resale. North Property Group's growth has since drawn thousands of clients as we continue to innovate and set new standards.

Finance
OB: Starting from just £4,000 in 2017, we recently reached a pre-audit revenue of £9.5 million for FY24, achieving 40% YOY growth from £6.5 million in FY23. Beyond the figures, we've positioned ourselves as an industry leader, forming partnerships with international developers like Far East Consortium. Together, we've helped bring transformative projects to life, such as the multi-billion pound Victoria North masterplan in Manchester.

Regrets
OB: I wish we'd expanded into Manchester sooner. It took three years, but now it's one of our strongest markets, providing excellent returns and growth for our clients.

What would you have changed?
TC: I would have focused on our company culture sooner. Growing from one to 65 people across four offices taught us that a strong culture and the right team are essential-often more than financials. With our core values aligned, our culture now drives our growth and vision.

For further information please visit The North Property Group [1]


Source URL:
https://www.newbusiness.co.uk/articles/entrepreneurs/entrepreneur-insight-tim-coen-and-oli-banks-cofounders-north-property-group