Digital lettings platform Goodlord has reported more than 40% revenue growth for the financial year ending August 2024.

The company said it now supports “over 3,500 letting agent brands, hundreds of thousands of landlords, and well over one million tenants”.

According to CEO William Reeve, the firm was profitable on an EBITDA (earnings before interest, taxes, depreciation and amortisation) basis, and the latest figures reflect long-term investment in product development and a growing demand for technology-led solutions in the lettings sector.

Reeve said the business has reached a “milestone moment”, adding: “These results showcase that not only have we created an offering that is valued by the market, but that we have also been driving forward a strategy that delivers long-term stability for the business.”

Goodlord said it is now cash generative with a strong balance sheet, and plans to use that financial footing to accelerate product development. The company has recently launched Goodlord PRO tenant referencing, its latest platform edition Aspen, and integrated automated sanctions checks in anticipation of upcoming compliance changes.

The company employs 300 staff and marked its tenth anniversary in 2024.

Reeve said: “From this position of financial security and profitability, we aim to move faster and deliver even better solutions for our customers and the wider industry.”