Dec 31 2023
2023 Half Year Results
Our vision is to give everyone the belief they can make their move.
Rightmove is the UK’s number one property portal.
Rightmove’s vision is to give everyone the belief they can make their move.
Our mission is to make the move easier and simpler, by giving everyone the best place to turn to and return to, for accessing the tools, expertise and trust to make it happen.
Rightmove is the UK’s number one property portal.
Our ambition is to be the place that consumers and customers turn to as their property portal of choice. To deliver that objective, Rightmove needs to be a sustainable business that people want to work for, invest in and partner with.
Our strategy is to make Rightmove a great place to work through an open, collaborative culture, based on the belief that we are all in it together. Rightmove aims to be a supportive and inclusive employer with a diverse workforce.
To read our ESG strategy, please click here, and to read our latest results, including our Sustainability report, please click here.
At the heart of everything we do are the Rightmove Hows – the essential values and behaviours which reflect our culture.
Our Brand
Our commitment to digital innovation, providing a best-in-class home search experience for home movers and marketing channels for our customers, underpins our Brand strength and places us at the heart of the UK property market.
Please turn to our Annual Report for further details of our business model and how we create exceptional value for our stakeholders.
For home movers, Rightmove is free to use and is the only place where they can see almost the entire UK property market in one place. Rightmove has become the place consumers turn to first when they think about moving home – they can rely on the speed and availability of our platforms to review more properties for sale and rent than
anywhere else. In addition, our platform’s simplicity and property information eases what can be a stressful process.
By creating the UK’s largest digital property portal, with the largest selection of properties, we have brought together virtually all the home moving audience our customers want to attract. We offer the most significant and effective exposure for their brands and properties, resulting in the largest source of high-quality leads, thereby significantly increasing our customers’ marketing efficiency.
Our Board is collectively responsible for promoting the long-term success of the Company for the benefit of Rightmove’s shareholders and wider stakeholders including customers, consumers, employees, the wider communities in which we operate and the environment. Rightmove’s Board of Directors comprises individuals from different backgrounds with a mix of skills, experience, knowledge, and perspectives. A majority of the Board are independent non-executive directors.
For details of Board Diversity please see the Corporate Governance section of the Annual Report.
The Board has established four committees (Audit, Nomination, Remuneration and Corporate Responsibility). The Chair of each committee reports to the Board on committee activities at each scheduled Board meeting. No person, other than a committee member, is entitled to attend the meetings of these committees, except by invitation by the chair of that committee.
Corporate Governance framework
The Board has established four committees, the Audit Committee, the Remuneration Committee, the Nomination Committee and the Corporate Responsibility Committee, to assist it in the execution of its duties. The Chair of each Committee reports on the respective Committee’s activities at the subsequent Board meeting.
No person other than a Committee member is entitled to attend the meetings of these Committees, except by invitation of the Chair of that Committee.
Committee Terms of Reference
Committee remit
The Committee is an essential part of Rightmove’s governance framework to which the Board has delegated oversight of the accounting, financial reporting and internal control processes, the outsourced internal audit function and the relationship with the external auditors.
Committee members
The Committee members are independent Non-Executive Directors and comprise:
Committee remit
The Committee’s key objective is to design and implement a remuneration policy to attract, reward, retain and incentivise our management team and wider workforce to deliver Rightmove’s long-term business strategy.
Committee members and advisors
The Committee members are independent Non-Executive Directors and comprise:
Committee remit
The role of the Committee is to keep the structure, size and composition of the Board and Committees under review. Our primary objective is matching the skills, knowledge and experience of Directors to Rightmove’s business strategy and optimise Board performance, manage risk effectively and foster innovation in the business.
Committee members
The Committee members are independent Non-Executive Directors and comprise:
The Committee’s role is to have oversight of the Group’s Environmental, Social and Governance (ESG) strategy and to regularly review progress against that strategy and any associated KPIs. The Committee reviews and assesses the Company’s climate related actions and reporting and receives updates on the Company’s Social strategies.
Committee members
The Risk Committee reports to the Audit Committee and is responsible for the identification and assessment of risks and for reviewing the effectiveness of Rightmove’s internal controls and risk management systems.
Risk Committee members
The Committee is comprised of the Chief Financial Officer and members of the Senior Leadership Team:
Committee meetings
The Committee meets regularly throughout the year to identify and assess all risks and opportunities.
Please refer to the Risk Management section of our Annual Report for further details.
We are committed to a Board comprised of directors from different backgrounds with diverse and relevant experience, perspectives, skills and knowledge.
We believe that diversity, including gender diversity, amongst directors contributes towards a high performing and effective Board and business, so we strive to maintain the optimal balance. We endorse both a meritocratic Board appointment process and balanced gender representation on the Board.
Please refer to the Board Diversity, Equity and Inclusion Policy in our Policies Hub below.
The current Remuneration Policy was approved by shareholders in May 2023.
Rightmove’s stakeholders are:
Please read our latest Section 172 Statement for more details.
Rightmove strives to be a sustainable company and we are moving to paperless dividends for the next final dividend, payable in May 2024.
Rightmove is a sustainable, responsible business, that generates value for all stakeholders.
Rightmove’s environmental, social and governance (ESG) strategy has since 2019 had two goals:
Rightmove’s approach to taxation forms part of the Group’s broader commitment to its corporate and social responsibilities and it is committed to paying the right amount of tax, at the right time.
Rightmove is absolutely committed to preventing slavery and human trafficking in its business and supply chains.
Our people drive Rightmove’s success and a transparent, fair and diverse culture is important to us.
Rightmove plc is registered in England No 6426485
Registered office:
2 Caldecotte Lake Business Park
Caldecotte Lake Drive
Caldecotte
Milton Keynes
Buckinghamshire
MK7 8LE
2 Caldecotte Lake Business Park
Caldecotte Lake Drive
Caldecotte
Milton Keynes
MK7 8LE
Would you like to advertise property related products and services to our audience?
33 Soho Square
London
W1D 3QU
Please visit the Rightmove Careers website.
Are you considering listing your properties on the UK’s Number One Property Website? We would love to talk to you about the benefits that Rightmove membership can bring to your business. Please visit our advertise with us page to learn more about the products and services we offer.
For all our existing business customers, please visit our customer FAQ’s page or email us at customersupport@rightmove.co.uk. This will guarantee a speedy response from one of Rightmove’s dedicated customer care representatives.
Suites 12 and 13, Part Ground Floor
NEON Q10 Quorum Business Park
Benton Lane
Newcastle Upon Tyne
NE12 8BU
For Press Office enquiries please contact:
Email: press@rightmove.co.uk
For Financial PR enquiries please contact:
Powerscourt
Advisers
| Auditor | Ernst &Young LLP |
| Joint Brokers | UBS Investment Bank Numis Securities |
| Financial Adviser | UBS Investment Bank |
| Solicitors | EMW Pinsent Masons |
| Bankers | Barclays Bank plc HSBC plc Santander UK plc |
Registrars
The Company’s registrars are Link Group
Link Group
Central Square
29 Wellington Street
Leeds
LS1 4DL
Link shareholder helpline:+44 (0)371 664 0300
(Overseas: +44 (0)371 664 0300)
Email: shareholderenquiries@linkgroup.co.uk
Share portal: www.signalshares.com
Our Investor Relations Department is based in Milton Keynes. Their contact details are shown below.
Investor Relations
Investor.relations@rightmove.co.uk
Company Secretary
Carolyn Pollard
Email: companysecretary@rightmove.co.uk
Whistleblowing reports can be made to companysecretary@rightmove.co.uk
For details of our independent whistleblowing line provider, please refer to our Whistleblowing Policy.