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Apr 14, 2015 2:15 EST

Letlinks: a free to use, award winning one stop cloud based property maintenance platform with a UK nationwide real time booking facility that links users to contractors and service providers

iCrowdNewswire - Apr 14, 2015

Letlinks

Letlinks

Letlinks is a free to use, award winning one stop cloud based property maintenance platform with a UK nationwide real time booking facility that links users to contractors and service providers, aiming to save users time and money. CEO Graham Pyle previously owned and sold a UK estate agency to Abbey National for a 7 figure sum.

The Idea

Ask any UK landlord or letting agent what they would most like to improve within their business and besides the obvious  “profit” answer, property maintenance issues are likely to feature, which is why we created Letlinks, for it can beneficially improve both!

Letlinks is a “free to use” award winning“” one -stop cloud based property maintenance platform with a UK nationwide real time booking facility that links users to pre vetted, qualified, maintenance contractors and service providers throughout the country looking to save its users time, energy and money.

When a Job is required and a request is uploaded, it’s automatically sorted by post-code and an email and text are instantly sent to the relevant contractors, all who have signed a due diligence agreement and entered into a realistic pricing agreement.

Pre-agreed fixed-price work is awarded on a 1st claimed basis.

All users have free access to their own individual secure interface area, which is achieved by entering a unique username and password, which they obtain upon submission of their details.

Useful business tools are made available and information they enter is automatically retained for future use with no storage data limit.

Real time job/work status /activity makes it easy to monitor and recall, plus reports can be generated and external documents stored.

All job payments are made via a secure online merchant payment system and as it is free to use Letlinks receives a referral fee from the contractors/service providers each time a job is completed.

The system can greatly benefit anyone with a UK property-maintenance and/or related, service provider requirement.

As a result of a lengthy beta testing process & marketing campaign we have already acquired a considerable amount of valuable data, including details of potential users who currently manage and/or control some 40,000 + properties.

Some have already input their data into the system in preparation for use. In addition a 50,000 + property investor database is planned to be targeted once the funding is raised and system improvements are completed.

We seek to raise an initial investment of £125,000 in this 1st round funding, which shall be used to improve, upgrade and enhance the software platform plus fund the overhead and planned marketing campaign. 

The Market

With UK landlord numbers increasing many take the self management route so as to control the costs in hope of improving their profit margin, despite the extra work it can create.

The latest news regarding new pension freedoms coming into force this April will no doubt expand the numbers even further, for a portfolio of rental homes can be an attractive investment dealt with in the correct manner.

All will naturally hope to find the best way of running their business in a cost effective manner and no doubt will explore all possibilities!

New legislation continues to place transparency pressure on the growing number of UK residential letting agents, for national publicity has been given to some Letting Company’s high costs and client charges.

When we set about negotiating contractor prices for the Letlinks service we negotiated hard to ensure that the pricing offered is totally clear and extremely competitive.

With some 26.4 million registed UK households in 2013 and rising  (Gov. office for National  Statistics) we believe that the potential market for an automated property maintenance booking platform is indeed vast.

The People

Graham Pyle – Chief Executive Officer

An entrepreneur with decades years of property industry experience, Graham’s entire business working life has involved real estate, first as the owner of a successful UK estate agency, (sold for a 7 figure sum to the Abbey National P.L.C. in the late 80’s,) and owner and CEO of various property related businesses; quality UK residential construction and development, the manufacture and supply of specialist fibrous plasterwork and services, overseas property sales involving Spain, Turkey and Florida real estate to international investors and Vacation /second homebuyers.  

 

Simon Pyle – Managing Director

Following in his father Graham’s footsteps, Simon has spent 24 years of business working life in the property industry, personally owning and developing an Essex based UK estate agency and later concentrating on international real estate sales. When the recession severely affected the demand for holiday homes and the UK rental sector was fast growing he changed direction to concentrate on UK property rental management. His firsthand experience of daily witnessing maintenance management difficulties led to the conception of Letlinks.

 

 

Gareth Bowles – Business Development Manager

Gareth is an outstanding sales and marketing professional whose tenacious approach to generating new business is a passion. Continually trying to improve customer service satisfaction, he is a confident negotiator at all levels, with more than 3,000+ influential contacts within the property industry.

 

 

Suzanne Taylor – Finance Manager

After 22 years of valuable financial business experience with Nat. West. Bank plc culminating with a 10 -year senior business advisor position, Suzanne spent the next 10 years working with Graham Pyle as finance manager to his various business operations.

A loyal, capable and most trustworthy individual, Suzanne is a most valued member of our team. 

The Exit Strategy

Subject to performance, repayment of the first round investment is anticipated to commence at the latter part of year 2, with full repayment to the investors being completed by the end of year 4.

Although we aim to publicly list in about 5 years time, we will also consider a possible trade sale at which time we would expect the value to be assessed on the basis of a “small capital asset base business, with high returns to scale.”

When considering similar platforms, like” Just Eat” “Airbnb” and “Onefinestay,” we believe a multiple valuation of 20 X EBITDA is possible, due to the returns and scalability of our business model.

See the following;http://avc.com/2011/08/pricing-a-follow-on-venture-investment/

Our EBITDA projected earnings for 2019/20 would result in a valuation of some £8.7m

 

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