Rest Less

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Rest Less
Privately held company
IndustryTechnology, Media, Publishing, Social Impact
Founders
  • Stuart Lewis
  • Sara Stephens
Headquarters
London
,
United Kingdom
Key people
  • Stuart Lewis (CEO)
  • Sara Stephens (CTO)
  • Mark Hughes (CMO)
  • Paul Albert (CCO)
Products
  • Content
  • Courses
  • Dating
  • Financial guidance
  • Jobs
  • Online events
  • Travel
  • Volunteering
Number of employees
40 (2023)
Websiterestless.co.uk

Rest Less is a digital community, platform and advocate for people aged 50 and over. The company was founded in late 2018 by Stuart Lewis and Sara Stephens.

Overview

Rest Less is a digital platform providing a wide range of services, resources, and opportunities to the over 50s. It had 1.2 million members as of October 2023.

Rest Less has received attention for its efforts to challenge age discrimination in the workplace and promote the general well-being and inclusion of older individuals. The company has been featured in various media outlets, including The Guardian.[1][2], The Times[3][4], the BBC[5][6][7] The Daily Telegraph[8][9], Financial Times[10] [11] and Sky News[12][13], highlighting the challenges faced by older workers and discussing ageism in society.

Recent topics covered by Rest Less include:

  • Number of part-time workers aged over 50 hits a record high - There are now 3.6 million over 50s working part-time and over 781,000 people aged 66 and older. 42% of the UK’s part-time workers are aged over 50 (September 2023)[14][15]
  • Self-employment - nearly 1 in 2 of all self employed individuals are over the age of 50 (April 2023)[16][17]
  • Long-term unemployment - unemployed older men are significantly more likely to end up in long term unemployment than their younger counterparts with 50% of unemployed men aged 50+ being out of work for at least a year (February 2022)[18][19]

History

  • October 2019 - Rest Less secured £3 million in funding[20]
  • June 2021 - Rest Less completed a £6.1 million funding round. This funding round was aimed at further expanding the company's services and reach[21][22][23]
  • October 2022 - Rest Less passes 1 million registered members in the UK[24]
  • November 2022 - Rest Less raised £6 million in an investment round[25][26]
  • January 2023 - Rest Less announced the acquisition of "Mirthy," (now rebranded Rest Less Events) a digital platform offering online events, classes, and content aimed at reimagining retirement[27][28]
  • April 2023 - Rest Less expanded further by acquiring "Older Is Wiser Media Ltd," an over-50s group encompassing the websites 50connect and olderiswiser that focused on providing content and resources to its audience.[29]
  • June 2023 - Rest Less conducted a crowdfunding campaign on Crowdcube to allow its community to part-own the business and secure additional funding for expansion and strategic initiatives[30]
  • July 2023 - Rest Less acquired over 50s women's lifestyle magazine Annabel & Grace.

References

  1. ↑ Hill, Amelia (2022-07-24). "Britain's 'great unretirement': cost of living drives older people back to work". The Guardian. ISSN 0261-3077. Retrieved 2023-10-27.
  2. ↑ Cernik, Lizzie (2022-09-14). "'I've always thrown myself into work – now it keeps me alive': the over-65s forced to join the 'great unretirement'". The Guardian. ISSN 0261-3077. Retrieved 2023-10-27.
  3. ↑ Bleach, Stephen (2023-10-27). "Britain's secret workforce: the pensioners refusing to retire". The Times. ISSN 0140-0460. Retrieved 2023-10-27.
  4. ↑ Treanor, Jill (2023-10-27). "Companies try to lure over-50s back into the workplace". The Times. ISSN 0140-0460. Retrieved 2023-10-27.
  5. ↑ "'There's nothing to stop me working'". BBC News. 2019-05-26. Retrieved 2023-10-27.
  6. ↑ "Six tips for getting a job if you're over 50". BBC News. 2023-02-14. Retrieved 2023-10-27.
  7. ↑ BBC News interview considers the impact of Rishi Sunak's Kickstart Scheme on the over 50's, retrieved 2023-10-28
  8. ↑ Reporters, Telegraph (2023-09-25). "Older people shun retirement as numbers working part-time 'hits record high'". The Telegraph. ISSN 0307-1235. Retrieved 2023-10-27.
  9. ↑ Nolsøe, Eir; Chan, Szu Ping (2023-06-19). "Record 1.5m over-65s still working as cost of living crisis spoils retirement dreams". The Telegraph. ISSN 0307-1235. Retrieved 2023-10-27.
  10. ↑ Croft, Jane (2023-01-29). "A new generation refuses to keep quiet on age discrimination at work". Financial Times. Retrieved 2023-10-27.
  11. ↑ Raval, Anjli (2022-11-06). "The retirees heading back to work". Financial Times. Retrieved 2023-10-27.
  12. ↑ "Big rise in number of over-70s in the workplace - with the King leading by example". Sky News. Retrieved 2023-10-28.
  13. ↑ Rest Less/Sky News interview 14/12/20, retrieved 2023-10-28
  14. ↑ Hill, Amelia (2023-09-25). "Record number of over-50s in UK working part-time, ONS data shows". The Guardian. ISSN 0261-3077. Retrieved 2023-10-27.
  15. ↑ Gray, Aisling (2023-09-25). "Number of people aged 50 and older in part-time work reaches record high of 3.6 million". Rest Less. Retrieved 2023-10-27.
  16. ↑ Gray, Aisling (2023-04-11). "Nearly one in two (48%) self-employed people in the UK are aged over 50". Rest Less. Retrieved 2023-10-27.
  17. ↑ Newman, Jessica (2023-10-27). "Almost half of Britain's self-employed workforce are over 50". The Times. ISSN 0140-0460. Retrieved 2023-10-27.
  18. ↑ February 2022, Jasmine Urquhart 7. "Half of unemployed men aged 50+ out of work for a year or more, study finds". www.peoplemanagement.co.uk. Retrieved 2023-10-27.
  19. ↑ Gray, Aisling (2022-02-07). "50% of unemployed men aged 50+ are out of work for at least a year". Rest Less. Retrieved 2023-10-27.
  20. ↑ Basul, Alara (9 March 2020). "Rest Less raises £3m in seed funding". UKTN.
  21. ↑ "London-based digital community for midlifers raises £6.1M funding to reach more members". UKTN. 30 June 2021.
  22. ↑ FinSMEs (2021-06-30). "Rest Less Secures £6.1M in Series A Funding Round". FinSMEs. Retrieved 2023-10-27.
  23. ↑ "Rest Less secures GBP6.1m in Series A Funding Round". Private Equity Wire. 30 June 2021.
  24. ↑ Lewis, Stuart (2022-10-17). "Rest Less reaches 1 million member milestone". Rest Less. Retrieved 2023-10-27.
  25. ↑ Allen, Patricia (2022-12-20). "UK-based Rest Less secures €6.8 million for its platform empowering over 50's to live their best lives". EU-Startups. Retrieved 2023-10-27.
  26. ↑ "Intrepid Owls (t/a Rest Less) secures £6 million investment led by Moneta Venture Capital". UK Tech Investment News. 20 December 2022.
  27. ↑ "Mirthy has become part of the Rest Less Group". Rest Less Events. Retrieved 2023-10-27.
  28. ↑ "Rest Less acquires Mirthy, a digital platform offering online events, classes and content aimed at reimagining retirement". UK Tech Exits. 24 January 2023.
  29. ↑ Gray, Aisling (2023-06-12). "Rest Less announces acquisition of over 50s group Older is Wiser Media Ltd". Rest Less. Retrieved 2023-10-27.
  30. ↑ "Invest in Rest Less". Crowdcube.

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