The number of protected tenancy deposits across all schemes has grown after Covid-19 lockdowns were lifted, figures from The Dispute Service (TDS) reveal.

TDS itself has continued to grow the number of deposits protected across the UK (7.09% in the year) with its Custodial offering growing by 41.24%.

PROVIDER

And it’s still the UK’s largest tenancy deposit scheme provider by value, protecting around £1.8 million deposits with a value of over £2 billion.

Meanwhile its investment in improving technology has continued apace and over the next 12 months will launch more Salesforce initiatives. It is due to launch a new Renters App with Openbrix for tenant customers by the end of 2022.

PARTNERSHIPS

It is also deepening its partnerships with The Depositary, Inventory Hive and Complylex and is about to start a major promotion of Money Shield – a client money protection service which it runs with Propertymark.

Steve Harriott (pictured), TDS chief executive, says: “The last year has seen TDS bouncing back from Covid and thinking about what more we can do in the private rented sector.

“We have ambitions to grow further over the next year both organically and by encouraging agents and landlords to switch deposit schemes to benefit from our market leading technology solutions backed by great customer service.”

The success of TDS is down to the quality of the colleagues we employ.”

Martin Partington of TDS, adds: “The success of TDS is down to the quality of the colleagues we employ and the Board. During the year we were sad to see Mark Hayward retire from the TDS Board and delighted to see him replaced by Nathan Emerson, Chief Executive at Propertymark.”