Online estate agency Purplebricks reported pre-tax losses of £32.7 million for the 12 months ending March 2025. The company's annual accounts show net current liabilities reached £55.8 million at the end of March 2025, an increase from £22.8 million the previous year.
Sir Charles Dunstone's investment vehicle, Freston Ventures, has committed to providing financial support for Purplebricks until at least October 2027. The business remains dependent on shareholder funding to meet its financial obligations.
Purplebricks also owes its parent company, Strike Limited, approximately £48.1 million. Strike Limited has also continued to incur losses and relies on shareholder funding, having received an additional £32.65 million since the year-end to support working capital.
Factors cited for continued investment include home moving demand and the return of Purplebricks founders Michael Bruce and Kenny Bruce, alongside chief financial officer Neil Cartwright.