Two providers of conveyancing services have been included within The Sunday Times’ list of the 100 fastest growing companies in the UK.
The companies – Muve and AIIC Holdings, which owns Taylor Rose MW – are listed 39th and 69th respectively.
London-based Muve are said to have generated £8.6 million in revenue over the last year, and increase of 93.6% over the previous period. AIIC’s revenue of £79.4 million represents an increase of 66.44%.
The companies on the list are all required to be independent, privately-owned, and UK headquartered, and have sales exceeding £5 million in their latest year of trading, up to a limit of £250 million.
Muve said it has a “track record of disruptive tech and product innovation in the conveyancing market”, pointing to its MuveFast guaranteed exchange date product, which it claims leads the industry in terms of exchange timelines.
Muve was also selected to undertake the very first digital remortgage transaction in the UK using the PEXA platform in September 2022.
David Jabbari, Chief Executive Officer of Muve, said:
“I would like to thank our staff and our clients for the incredible support and dedication which has made our amazing level of growth possible.
This is just the beginning of Muve’s drive to be the dominant force in UK conveyancing, leading the market on customer experience, tech innovation and deep partnerships with estate agents.”
Commenting on AIIC’s strategy following their recent rebrand, Adrian Jaggard, CEO of the AIIC Group, said:
“The ongoing consolidation of small-to-medium-sized high street law firms, in particular in the conveyancing sector, is expected to generate further opportunities for us, specifically through an expansion programme in key areas and hubs, including the North-West, North-East, Midlands and South-West.
We believe our technology-focused model, which supports both the development of our traditional practices through M&A as well the fast-growth of our consultancy operations, puts us in an extremely advantageous position as the legal services sector continues to undergo a paradigm shift.”
Taylor Rose MW recently announced plans to take its consultancy model of employment to Australia where it will work “closely” with GTC Legal contributing “its valuable IP to develop and enhance GTC’s existing business, providing consultants with remote access to a centralised service platform, management infrastructure, digital marketing expertise, and sophisticated IT support and systems” according to a release on the Taylor Rose MW website in April.
“Australia has always been a market we’ve been very interested in and this partnership provides us with the perfect opportunity to expand the legal consultancy offering. The country has lagged behind in terms of development, and GTC is one of the very few Australian firms that already has an established presence in this area that we can work with to grow the consultancy offering at speed and scale.”
said Jaggard when the partnership was announced.
One Response
“This is just the beginning of Muve’s drive to be the dominant force in UK conveyancing, leading the market on customer experience, tech innovation and deep partnerships with estate agents.”
Presumably this is code for “we only get the work by paying estate agents” going but some of the atrocious conveyancers at Muve that I have had to deal with.