Online estate agent Yopa has reduced staff headcount, resulting in a total of 16 departures including that of its national sales director.
Kane Henessy spent over two and a half years with Yopa, joining from prominent midlands independent firm Newman, where he was branch partner.
Initially Yopa’s regional director for the west midlands, Henessy was swiftly promoted to national sales director in April 2017.
However, his departure has now been among those confirmed as the result of a review which has also led to some restructuring. A spokesperson for Yopa said: “Sixteen people have left the business as a result of these changes.”
Yesterday, Yopa chief executive Ben Poynter told EYE:
“Yopa is a young business that has grown very quickly to become one of the largest estate agents in the country.
“We have made a good start to 2019, achieving double digit listing growth in a market when many others are experiencing declines.
“As we continue to grow we regularly review our business, reshaping teams and investing in areas that help us deliver our goals – ensuring we are best placed to deliver an amazing home moving experience for our customers.
“As a result of a recent review, we have reduced headcount within certain teams while reshaping some teams’ roles and responsibilities.
“A consequence of these changes is that Kane Henessy has left the business.
“Kane has contributed a huge amount since he joined but, as we look to push forward to our next phase of growth, we’ve taken the decision to change the leadership in our sales function.
“We wish Kane all the best for the future.
“Nevertheless, it remains business as usual for most of our teams, and our customers will not be affected. We expect to have a similar average headcount in 2019 as we had in 2018.
“What’s more, we are fully committed to driving the business forward and we continuing to invest where we see opportunities for growth and to enhance our offering.”
It is not known what Yopa’s headcount was in 2018, but according to the last accounts for Yopa Property filed at Companies House, in 2017 it had 97 people on the payroll.
Yopa’s directors are Alistair and Andrew Barclay, Poynter, former CEO Daniel Attia who is now chairman of the company, Ian Crabb, the CEO of LSL, and Manuel De Carvalho, CEO of dmg ventures, the venture capital arm of the Daily Mail & General Trust.
Yopa’s backers include the owners of the Daily Mail, Savills and LSL. LSL recently wrote down its £20m investment in Yopa to £7.8m.