MIPAD LETTINGS LIMITED

What MIPAD LETTINGS LIMITED does

MiPAD Lettings Limited is a privately held, micro-scale residential letting and property management agency registered in England and Wales (company number 9064905) and headquartered at 3 Bodmin Hill, Lostwithiel, Cornwall. The company was founded in 2014 and operates with 1–10 employees, principally Debbie Kelly and Mark, who personally conduct viewings and manage landlord and tenant relationships. Its service area spans Lostwithiel, Mid Cornwall and East Cornwall, with selected listings extending into Devon. MiPAD is a member of The Property Ombudsman scheme and Client Money Protect, and complies with tenancy deposit protection regulations across the UK and with GDPR.

The firm offers two core landlord products: a Letting Only Service for a one-time £395 fee covering marketing, viewings, tenant vetting and tenancy documentation; and a Full Management Service charging a 10% monthly fee of rental income, which adds rent collection, periodic inspections, maintenance coordination and automatic landlord payouts with no setup or renewal fees. Ancillary offerings include a Tenant Finder Service, tenancy deposit protection, inventory preparation with photographic condition reports, and Property Services (plastering, cleaning, repairs, garden maintenance, gas and electrical safety checks). Customer-facing distribution is direct: a content-rich website, telephone, email and walk-in office access 7 days a week 8am–6pm, with word-of-mouth and on-site testimonials as the primary lead source.

The business model is therefore primarily a recurring revenue subscription on managed rental income, supplemented by transactional one-off fees and add-on services. MiPAD outsources specialised functions — repairs via a partnership with Restormel Property Services and credit referencing via Legal for Landlords — keeping its internal headcount small while presenting a full-service offering to landlords. There is no proprietary technology platform, mobile app, or disclosed AI capability; operations rely on personal service and local knowledge as the principal differentiators.

Name

MIPAD LETTINGS LIMITED

Legal name

MiPAD Lettings Ltd

Website

https://mipadlettings.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

MiPAD Lettings is a privately held residential letting and property management agency based in Lostwithiel, Cornwall, serving individual landlords and tenants in Cornwall and Devon with Full Management (10% monthly) and Let Only (£395) services.

Ownership category

akta.pro rank

Headquarters

HQ city

Lostwithiel

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Full Property Management Services: Monthly management fee of 10% of rental income collected. Includes marketing, viewings, tenant vetting, tenancy preparation, check-in, periodic inspections, rent collection, and automatic credit to landlord's bank account. No setup fees, no renewal fees, no hidden extras.
2. Letting Only Services: One-time fee of £395 for marketing, viewings, tenant introduction and vetting, tenancy agreement preparation, and inventory. Management of tenancy thereafter becomes landlord's responsibility.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

MiPAD Lettings is a residential letting and property management agency serving landlords and tenants in the Lostwithiel, Mid Cornwall, and East Cornwall areas. The company offers two primary service tiers: a Letting Only Service (£395 one-time fee) covering property marketing, viewings, tenant vetting, and tenancy documentation, and a Full Management Service (10% monthly fee) covering end-to-end management including rent collection, inspections, and maintenance coordination. Additional offerings include property maintenance services, tenant-finding support, tenancy deposit protection, and inventory preparation.

Product overview

MiPAD Lettings operates as a residential letting and management agency offering two primary service tiers: a Letting Only Service and a Full Management Service. The Letting Only Service provides property marketing, viewings, tenant vetting, and tenancy documentation for a one-time £395 fee. The Full Management Service offers comprehensive oversight including marketing, inspections, rent collection, and maintenance coordination for a monthly 10% fee of rental income. Additional services include property maintenance (plastering, cleaning, repairs, garden maintenance), tenancy deposit protection, and inventory services. The company specializes in the Cornwall rental market, covering Lostwithiel, Mid Cornwall, and East Cornwall areas.

Differentiator

Problem solved

Functional benefit

Products and services

• Letting Only Service Marketing of the property, conducting viewings, tenant introduction and vetting, preparation of tenancy agreements and inventories, and collection of the first month's rent and tenancy deposit. After this service, the landlord manages the tenancy themselves including maintenance and rent collection. Priced at a one-time £395 inclusive fee.
• Full Management Service
• Property Maintenance Services
• Tenant Finder Service
• Tenancy Deposit Protection
• Inventory and Schedule of Condition Service

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Regional players

• Romans: Southern England-focused estate and letting agency with a strong letting and management book. Comparable as a residential letting/management agency serving a defined regional corridor, though outside MiPAD's Cornwall core geography.
• Webbers Property Services: Devon and Cornwall-focused estate and letting agency with a residential letting and management offering. Highly comparable in terms of geography (South West) and local-market focus, with a similar mix of full management and tenant-find services.
• Bradleys Estate Agents: Devon and Cornwall-based estate and letting agency with residential letting and management services. Comparable regional footprint and tenant/landlord service mix, though operating at a larger scale than MiPAD.

Emerging players

• OpenRent: Online-led UK letting platform enabling landlords to list, reference, and manage tenancies directly. Adjacent peer that represents a structural substitute for traditional letting agents, putting competitive pressure on local-agency commissions and service tiers.

Direct peers

• Martin & Co: National UK franchise network of residential letting and management agents offering full management and tenant-find services. Closely comparable business model to MiPAD, with a similar landlord-facing service tier and national branch footprint.
• Winkworth: UK estate agency and letting franchise with a comparable mix of managed lettings and traditional sales services. Comparable as a franchised residential letting and management agency, though with a heavier sales focus alongside lettings.
• Belvoir: UK national franchise network specializing in residential lettings and property management for individual landlords. Directly comparable service model (full management, tenant-find, and compliance support), operating at a similar small-agency scale on a per-branch basis.

Broad incumbents

• Hunters Property Group: UK-wide estate and letting agency network combining residential sales with full lettings and management services. Comparable offering to MiPAD, but at materially larger scale and broader geographic coverage.
• Connells Group: One of the UK's largest residential property services groups with extensive letting and management operations nationwide including the South West. Directly comparable as a residential letting and management agency, though operating at materially greater scale and geographic breadth than MiPAD.
• Foxtons: Major UK residential sales and lettings agency with an established brand and managed-portfolio offering. Comparable as a full-service letting and management agency, though concentrated in London and the South East and operating at much larger scale than MiPAD.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MIPAD LETTINGS LIMITED