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OnTheMarket names the day for reporting accounts and members

OnTheMarket is to issue its annual figures next Thursday, June 11.

The report only covers the portal company’s financial year which ended on January 31, so before the Coronavirus crisis.

The period being reported also does not cover the controversial sacking of OTM’s chief executive Ian Springett in March - and is therefore unlikely to reveal his pay-off, which has been the subject of industry speculation since his departure. 

The report is an opportunity for OTM to update its membership totals following attempts to convert discounted and free members to full tariffs.

In Christmas week last year (so almost six months ago) it it said it had “over 12,500 agent offices” - there has been no more recent official update.

In April OTM announced it had rescheduled some arrangements with creditors, was furloughing 22 per cent of its workforce, cutting temporary and sub-contracted IT workers by almost two thirds, and implementing a 20 per cent pay cut for the rest of the workforce and board members. 


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