Business Environment and PESTEL Analysis of Rightmove PLC

BUSINESS ENVIRONMENT

Table of Contents
BUSINESS ENVIRONMENT........................................................................................................1
INTRODUCTION...........................................................................................................................3
STRUCTURE OF COMPANY AND ITS MANAGEMENT........................................................3
Overview of company..................................................................................................................3
Structure of company...................................................................................................................3
The directors on board.................................................................................................................4
The executive and non-executive directors.................................................................................4
The Chair-body and the CEO......................................................................................................5
IMPORTANCE OF PESTEL ANALYSIS.....................................................................................5
PESTEL FRAMEWORK OF COMPANY.....................................................................................6
CONCLUSION................................................................................................................................9
REFERENCES................................................................................................................................1

INTRODUCTION
The most important aspect of any business that deals with various factors in the
organisation is known as business environment. Business environment is nothing but the
surrounding and the nature of the workforce as well as the norms and conditions of the
organisation. The factors that are associated with the organisation both internally and externally
and few of such include employees, customer needs and Expectations, supply and demand
management, clients come suppliers and many other (Khan and et.al, 2019). These contribute as
direct and indirect effects of the company where the business organisation’s environment and
situation depend. The entire report deals with the business environment and the factors that are
associated with full stop the company that is chosen in this regard is Rightmove PLC. The
Rightmove PLC is a UK based company which runs as rightmove.co.uk. It is one of the largest
online real estate portal of the United Kingdom. It was established in the year 2000 and as of
2019 record it has a revenue of 2 89.3 million GBP. Its headquarters are in London United
Kingdom with CEO Nick Mckittrick. The founder of the company is Alex Dale. Report consists
of business environment of the company and the factors associated with it.
STRUCTURE OF COMPANY AND ITS MANAGEMENT
Overview of company
Rightmove PLC is considered to be one of the UK largest real estate portal and property
website. It is a constituent of FTSE 100 index. One of the major achievements of this company is
to get listed on the London Stock Exchange. The company was established in the year 2000 in
the United Kingdom which is regarded to be one of the largest property agents. The first time
that it was listed on the London stock exchange was on 15th March 2006. During the first listing
on the London stock exchange the company decided to go with the name Rightmove PLC. It is a
public industry with its headquarters in London, England, United Kingdom. The major source of
income of the company is its website and an additional offering of advertising products to the
agents. The feature is such that the advertisements are visible to those who search for an area
which is being chosen by the estate agent.
Structure of company
Rightmove PLC is one of the public real estate services that is operating in the United
Kingdom. The company structure is a corporate governance where the provisions of the United

Kingdom corporate governance will be included (Cepel and et.al, 2019). The company's
corporate governance is associated with a statement of compliance with the code. The corporate
governance structure of the company will help to understand how the company was able to apply
provisions of UK corporate governance code and the framework of governance policies
procedure and initiatives will be understood.
The directors on board
The board of director of the Rightmove PLC company consists of altogether eight
directors. The board of directors in the company are responsible for promoting long-term success
that brings benefits to the company and that to the shareholder community. The board of
directors of the company is said to be in complete control of the powers and duties of the
company. The duties that are listed in the Companies Act 2006 and the company's articles of
association will be handled by the board of directors of the company. There are certain delegates
in the board who are responsible to carry out the board committees and the day-to-day business
operations.
The executive and non-executive directors
The executive and the non-executive bodies are decided by the chair of the body who is the
leadership and Governance of the company. The relationship between the executive and non-
executive directors of the company is maintained by the share body of the company.
Executive directors:
The executive directors of the company Rightmove PLC are responsible for day-to-day
management activities of the group and the operations as well as the results that are retained by
the operations. There is a particular implementation of a group strategy that is lead by chief
executive officer which is in written supported by the finance director along with their leadership
team. Every rule and regulation that is listed in the body and the roles of chair and chief
executive officer are clearly return along with the guidelines on the division of responsibilities.
Non-executive directors:
The non-executive directors of the company Rightmove PLC are responsible to
constructively challenge the executive directors (Veselovsky and et.al, 2017). They are
responsible for monitoring the strategies that are associated with the delivery where the risk and
control framework are altered. One person of the non-executive directors will be appointed as the