Finances

Quick Move Now have the funds to buy your house today

Selling your home is a big decision, so it is essential that you deal with the right house buying company.

Unlike most other house buying companies, Quick Move Now has the funds available to buy properties directly. We don’t rely on investors or mortgages to enable us to buy – that’s why we’re able to offer you a quick and guaranteed sale.

Unfortunately, the home buying industry is unregulated, so it’s vital that you do your due diligence before committing to a sale.

The easiest way to identify a genuine property buyer is to look at their company finances. Not every company that claims to be able to buy your house is telling the truth.

1998

Operating since 1998

6,000

We have bought more than 6,000 properties

Timescales

You are in complete control

Quick Move Now - about us£34.2 m

Our current annual turnover

Quick Move Now Finances and Accounts

At Quick Move Now, we are transparent about the funds we have available and we are happy to share our company accounts for you to review.  This is because our company accounts prove that we have the cash funds available to do exactly what we say we can – offer you a quick and guaranteed house sale on a date of your choice.

Downloadable Accounts

All our accounts are published annually at Companies House, we have provided them here free of charge:

Quick Move Now – Filed Accounts 2018
Quick Move Now – Filed Accounts 2017
Quick Move Now – Filed Accounts 2016

How to find out how much money a company has available

To our knowledge, Quick Move Now are the only home buyer that are proud to display our company accounts on our website. Other companies don’t publish this information, but you can still find out how much money they have by looking on Companies House.

  1. Search the register by company name or registered number
  2. Look at their filing history
  3. Click to view their full accounts

How much money should a genuine property buying company have?

A genuine home buying company should have an annual turnover in excess of £4 million and a current balance of at least £1 million, if they claim to be in a position to purchase your property directly. It is only by buying the property from you directly that any company is able to offer any guarantees around price and timescale.

The average UK property price is currently around £250,000. If a buyer has a balance sheet of £500,000, that only equates to two houses. This would indicate that the company you are dealing with is a broker or online estate agent, rather than a genuine home buying company.

If a company has funds of less than £1 million in the bank, it clearly demonstrates that they are NOT buying houses directly.

Why can’t I find any account information on Companies House for the company I am searching for?

There may be several reasons why you are unable to find a company’s accounts information on Companies House.

Any limited company (ie. not a sole trader) should be registered with Companies House and must prepare financial accounts that report on the company’s activity and performance throughout the financial year, but not all companies need to make these accounts available to the general public. If a company is ‘unlimited’, they only need to make their accounts available to Companies House under certain circumstances.

Another reason you may not be able to find accounts information for a company is if they are operating as a subsidiary or ‘brand’ of a parent company. If this is the case, you will need to look for the details of the parent company.

If you’re still unable to find any financial information, you can approach the company in question and ask them to make their accounts information available to you.

Does a company have to prove their funds if I ask to see?

Unfortunately, no. There is currently no legislation around proof of funds. If a company is genuine, they should be more than willing to prove their funds, so this should act as a warning that you are NOT dealing with a direct property buying company.

 

Danny Luke

Quick Move Now’s strong financial credentials put us in a unique position to offer our customers a quick and guaranteed property sale.

There are currently more than 100 different companies claiming to be able to offer a quick house sale, but most of those companies simply do not have the funds to be able to deliver on that promise. Any companies that don’t have their own funds will instead act as brokers or online agents, trying to find a buyer for your property. These companies are unable to offer any guarantees when it comes to speed or certainty of sale, but will still pay less than market value.

We have always been honest and transparent with our financial accounts to allow our customers to see for themselves that we have the funds available to do what we say we can.

Danny Luke, Managing Director, Quick Move Now.

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