Moneysupermarket.com
 |
|
| Type | Public (LSE: MONY) |
|---|---|
| Founded | 1993 |
| Headquarters | Ewloe, Wales |
| Key people | Gerald Corbett (Chairman of the board) Simon Nixon (Founder and Executive Deputy Chairman) Peter Plumb CEO |
| Revenue | £148.9 million (2010)[1] |
| Operating income | £10.7 million (2010)[1] |
| Net income | £7.7 million (2010)[1] |
| Employees | 433 (2010)[1] |
| Website | Moneysupermarket.com |
Moneysupermarket.com Group PLC (LSE: MONY) is a British price comparison website-based business specialising in financial services. The website enables consumers to compare prices on a range of products, including mortgages, credit cards and loans. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Contents |
[edit] History
The business was established in 1993 by Simon Nixon (a student at Nottingham University) and Duncan Cameron as a provider of off-line mortgage information to Independent Financial Advisors under the name Mortgage 2000.[2] and in 1999 launched moneysupermarket.com providing on-line mortgage information.[3] Since then the business has been developed to provide credit card and personal loan information [3] additional brands insuresupermarket.com and travelsupermarket.com have been added.[3]
In June 2007 Duncan Cameron left the business selling his 47% stake to Simon Nixon for £162m[4] and in July 2007 the company was listed on the London Stock Exchange.[5] At the time it had a market capitalisation of £843m, with Nixon realising £101m and retaining 54.5% of the business.[6]
[edit] Operations
The Company derives its revenues from three main sources:[7]
- Money vertical
- Insurance vertical
- Travel vertical
[edit] Criticisms
In 2007 the Guardian newspaper noted that for household and car insurance, price comparison websites such as moneysupermarket.com rarely include all products on the market and that price comparisons are consequently incomplete.[8]
[edit] See also
- Confused.com
- BeatThatQuote.com
- Energyhelpline
- Expedia
- Gocompare.com
- Kelkoo
- Moneyfacts
- Travelocity
- uSwitch
[edit] References
- ^ a b c d "Annual Report 2010" (PDF). Moneysupermarket.com Group. http://www.investis.com/mony/financial/results/2011/annual_reportxyz_10.pdf. Retrieved 2011-04-24.
- ^ Moneyweek: My first million: Simon Nixon of Moneysupermarket
- ^ a b c Moneysupermarket.com:History
- ^ Simon Nixon: Check-out tills ringing for internet guru
- ^ Moneysupermarket.com IPO disappoints
- ^ Growing Business Success Stories - Simon Nixon: Moneysupermarket.com and SimonSeeks 23 September 2010
- ^ Moneysupermarket.com:About us
- ^ Beware when you Compare - Guardian, Friday 22nd June 2007
