RentGuarantor named preferred supplier for Winkworth branches

RentGuarantor Holdings PLC shares jumped as it said M Winkworth PLC has named it as a preferred supplier for Winkworth Estate & Letting Agents.

The London-based provider of rent guarantee services in the UK private rental sector said as a preferred supplier, individual franchised Winkworth branches will have the option of introducing RentGuarantor to their tenants.

The firm said participation will be at the discretion of each franchised branch.

‘I’m delighted to be working with various franchised branches of Winkworth as a preferred supplier,’ said Chief Executive Officer Paul Foy.

‘Our association with companies such as Winkworth, which has remained relevant and trusted through nearly two centuries in the property industry, serves as a reinforcement of our sector-leading position as a professional guarantor provider - a position which we see becoming increasingly prevalent as the Renters’ Rights Act is enforced.’

Shares in RentGuarantor jumped 9.3% to 16.12 pence on Friday afternoon in London. Winkworth shares were flat at 192.50p.

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