RentGuarantor - signs deal with top UK university to serve as a professional guarantor partner
RentGuarantor (RGG), the provider of rent guarantee services, has announced a two-year partnership agreement with prestigious university King’s College London to serve as a professional guarantor partner. Under the deal, the company will provide the university’s student body, including c.20,000 overseas students, with the ability to secure a guarantor through its professional guarantor solution. The partnership will help support students seeking accommodation in central London, close to the university campuses, where average student rental costs range from approximately £2,000 to £2,500 per month, according to Rightmove.
RentGuarantor believes that overseas students present a significant opportunity given that they are more likely to have limited access to a UK resident who can act as a guarantor, and, therefore, often require the services of a professional guarantor to secure private rented accommodation. The company commented that the recently implemented Renters’ Rights Act has exacerbated this dynamic, increasing the relevance of professional guarantor services by prohibiting rent-in-advance payments as an alternative means of securing a tenancy. RentGuarantor also thinks the timing of the agreement is particularly positive, with Master’s students beginning to enrol from November through to February.
Today’s agreement supports the company’s strategy of developing university and other institutional relationships alongside its existing landlord, letting agent and industry operator network. King’s looks like a good fit, with recently released numbers from The Complete University Guide showing that King’s has 15,140 full-time international students overall (not including part time), amounting to 45% of the total. There are 5,735 international students studying a postgraduate taught qualification, amounting to 65% of the total. The service is designed to reduce barriers to securing private rented accommodation and allow students to focus on their academic goals.
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The business
RentGuarantor provides a rent guarantee service to tenants wishing to rent property in the UK (excluding Northern Ireland) from the private rental sector. It is an online service, with applications managed on a secure and bespoke digital platform designed and built by the company. The goal is to make the process as simple as possible, with applications only taking a few minutes and RentGuarantor seeking to complete the application on the same day.
RentGuarantor supplies its service to the whole of the market: students, both from the UK and overseas; employed people; and people on benefits, including Universal Credit. This ensures that everyone has the opportunity to live in their dream rental home.
Revenues are earned from rental guarantor contracts and application fees, with costs arising when a claim is made on a contract. RentGuarantor is obliged to pay the landlord on any rent arrears, but to mitigate the impact of this it takes out insurance.
With over 5.4 million households privately renting in the UK, the company expects that demand for its services will expand, underpinned by recent regulatory changes under the Renters' Rights Act. In August last year, RentGuarantor moved the trading of its shares to the AIM market from the Aquis Stock Exchange.
RentGuarantor share price chart since AIM IPO
Good momentum
Shares in RentGuarantor recently hit an all-time high after the firm announced a positive trading update, highlighting a particularly busy period in September, boosted by students looking for new digs. In the update the firm said that revenue, EBITDA and net profit for FY2026 are now expected to be materially above current market expectations. Those expectations are for £14-£15.1 million of revenue, adjusted EBITDA of £4.1-£4.9 million, and net profits of £4-£4.6 million.
Management’s new expectations for FY2026 are for revenues to be in excess of £19 million and net profit in excess of £9 million. The company is also encouraged by the outlook for FY2027.
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Disclosures
RentGuarantor is not a corporate client of Optimo Research Ltd.
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