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Tom Scarborough

Expert property sales

Tom Scarborough was the founder and CEO of Movewise, a tech-enabled property sales management service based in London, which he founded in October 2018 and led until September 2023.4 Prior to Movewise, he had experience in the financial sector, including roles at Fifth Third Bank where he served as Senior Vice President and Senior Director of Extended Security Programs.2

Scarborough founded Movewise after a frustrating experience selling his own home, with the goal of improving the property selling process.3 The company provided a service that allowed landlords to buy and sell property directly with other landlords, and offered a full sales management service with expert advice and dedicated sales advisors.3

Despite initial growth and securing £3 million in angel investment, Scarborough made the difficult decision to close Movewise in 2023. He cited challenges such as low quality of revenue, difficulties in revenue forecasting, and the need for substantial cash reserves to weather market downturns as reasons for the closure.1

Currently, Tom Scarborough's LinkedIn profile indicates he is a Finance Director at Lawhive.4

Highlights

Oct 1 · nrla.org.uk
Buy and sell property direct with other landlords on the Movewise ...
Jun 12 · bbb.org
Movewise Group LLC | BBB Business Profile | Better Business Bureau
May 16 · movewisegroup.com
Movewise Group: Home
About Movewise
MoveWise | Long Distance Moving Companies | Verified Movers
Founder shuts down Movewise despite funding offer - Business Cloud
Founder shuts down Movewise despite funding offer - Business Cloud
MOVEWISE LTD overview - Find and update company information

Related Questions

What was the main reason Tom Scarborough decided to shut down Movewise?
How did the existing investors' decision impact the future of Movewise?
What were the key challenges Tom Scarborough faced while running Movewise?
How did the funding offer from other investors fall short for Movewise?
What was the role of low-quality revenue in the downfall of Movewise?
Tom Scarborough
Tom Scarborough, photo 1
Tom Scarborough, photo 2
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Location

London, England, United Kingdom