Estate agency Yopa announces promotion of Freddie Cornes to Managing Director 

Estate agency Yopa has announced the promotion of its CFO Freddie Cornes to Managing Director. Cornes had been Yopa's CFO since August 2018. 

He has contributed significantly to Yopa's growth since he first joined, developing the business strategy and leading the company to profitability by spearheading the introduction of new revenue streams through legal and financial services.

Cornes trained as a Chartered Accountant at Deloitte before working as a Financial Analyst at Sky. At DMGT he was Head of Commercial Finance, responsible for the financial performance of all advertising sales and consumer departments within the media arm of Yopa's longstanding investor. 

Yopa's Chairman Grenville Turner says of the appointment:

“Freddie has been instrumental in leading the business over the course of the last two years. His appointment is part of the careful consideration Yopa's board has put into our long-term succession planning. It reflects our appreciation of Freddie's significant contribution to Yopa's turn-around performance to date and our confidence in its future potential. We are delighted to have Freddie leading Yopa into its next surge of growth.”

Yopa's Managing Director Freddie Cornes:

“I am extremely proud to be stepping into the role of Managing Director at Yopa. We've made huge strides over the past year in particular thanks to the hard work of Yopa's business owners and staff. We've grown our market share to reach the top five estate agency brands in the UK, helped our agents to grow their businesses and earnings, and seen significant progress in financial performance. As a result, we have been cash generating since April 2020.

“This is an outstanding achievement given the challenges our industry faced at the start of the Covid-19 pandemic, but proves the resilience of our model and our determination to succeed. I look forward to working with our business owners and staff to further Yopa's growth into 2021 and beyond.” 

Yopa has achieved record revenues and market share results in 2020, providing further encouragement as to the resilience of the company's business model.

Gross profits have increased by over 90% this year and Yopa agents are converting valuations into instructions and referring core services more than ever before, boosting agent earnings by 130% year-on-year. Agent tenure has also increased by 85% over the same period.

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About Yopa

Yopa is an award-winning estate agency providing all the services of a traditional agency for a fair fixed fee. Everything we do helps customers have a smoother move. From our exceptional agents and extra services to our simple online tool for booking and hosting viewings, Yopa is great at taking some of the worry, stress and hassle away from selling or buying your home. Having been launched by customers for customers, Yopa is already a top 10 UK estate agency brand with more than 130 members of staff and 150+ local estate agents.