Sarah Beeny is no longer director of the online estate agent she founded, Tepilo. On the face of it, the company appears to have been sold to publishing group, Northern & Shell Ventures, which has been a shareholder for some time. In August it announced that it held between 25% and 50% of the company.
Beeny remains a shareholder in Tepilo and will continue to be its public face. CEO Nick Charnock remains in place.
Beeny’s appointment was one of several terminated today.
Others are Mark Newman, Mark Mcdermott, Graham Smith, Peter Joseph, David Hart and Scott Beesley.
The new directors are Digby Rancombe, who is also finance director of Northern & Shell, which publish the Express and Star; Robert Sanderson; and Richard Martin. All became directors two days ago.
TV personality and property guru Beeny launched Tepilo in June 2009 as a private for sale by owner site. In October 2013, it became an online agent, merging with Think Property, in Essex.
Separately Russell Quirk’s online agent eMoov has just closed an investment with the Korea Investment Partnership, part of the Korea Investment Corporation. This is the Sovereign Wealth fund for South Korea, with firepower of $100bn to invest in international businesses.
However, there are no details as to the extent of their investment in eMoov but the backing is thought to be substantial.
They’ll have to change all those ‘For Sale’ boards then…
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Don’t worry too much… there aren’t that many!
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Thats one sale they’ve managed to achieve then………
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Ha ha classic, you beat me to it 🙂
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Digby Rancombe is the Finance Director at Northern & Shell publishers of the Daily Express, Sunday Express & Daily Star amongst others.
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Yep, meaning they’ll get endless advertising and editorial promotion accross their titles.
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God are they still going !
Thought they had gone long ago
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This was done by March of this year at the very latest so don’t expect any massive changes immediately!
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In my opinion no online company will be able to compete with Purplebricks like Rightmove or Zoopla – they already have the upper hand.
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