Purplebricks is the first ever 24 hour property sales and lettings business. Launched in April 2014 our new use of technology has fundamentally disrupted the existing model by giving the customer everything they have been demanding, for a fraction of the cost. Developed by people who have vast experience of the industry and boasting a strong, highly talented and experienced executive team we aim to deliver the future for the business of selling, buying and letting property in the UK.
Company Growth (employees)
Birmingham, GB
Size (employees)
719 (est)+10%
PurpleBricks was founded in 2012 and is headquartered in Birmingham, GB

Key People at PurpleBricks

Michael Bruce

Michael Bruce


PurpleBricks Office Locations

PurpleBricks has offices in Birmingham, Coventry, Derby, Chester and in 30 other locations
Birmingham, GB (HQ)
61 St Paul's Square

PurpleBricks Data and Metrics

Summary Metrics

Founding Date


Total Funding

$100.7 m

Latest funding size

$87.3 m

Time since last funding

over 1 year


PurpleBricks's latest funding round in December 2015 was reported to be $87.3 m. In total, PurpleBricks has raised $100.7 m

PurpleBricks Financial Metrics

PurpleBricks's revenue was reported to be £18.6 m in FY, 2016 which is a 448% increase from the previous period.
£, GBP

Revenue (FY, 2016)

18.6 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

10.6 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(11.9 m)

Cash (30-Apr-2016)

30.5 m
£, GBPFY, 2014FY, 2015FY, 2016


11.9 k3.4 m18.6 m

Revenue growth, %


Cost of goods sold

141.6 k1.4 m8 m

Gross profit

(129.7 k)2 m10.6 m

Gross profit Margin, %


Operating expense total

2.2 m7.4 m22.5 m

Pre tax profit

(2.3 m)(5.4 m)(11.9 m)

Net Income

(2.1 m)(5.4 m)(11.9 m)
£, GBPFY, 2014FY, 2015FY, 2016


1.4 m4.6 m30.5 m

Accounts Receivable

12 k238.1 k1 m

Current Assets

2.2 m5.4 m33.4 m


36.3 k63.2 k217.4 k


54.7 k137.9 k370.8 k

Total Assets

2.3 m5.6 m34 m

Accounts Payable

596.4 k552.9 k2.7 m

Current Liabilities

684.1 k1.2 m6 m

Retained Earnings

(2.1 m)(5.4 m)(11.9 m)

Total Equity

1.6 m4.4 m28.1 m

Financial Leverage

1.4 x1.3 x1.2 x
£, GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

(2.3 m)(4.7 m)(7.1 m)

Cash From Financing Activities

3.7 m8.1 m33.5 m

Income Taxes Paid

265.9 k
£, GBPY, 2016


91.7 k

Financial Leverage

1.2 x

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