Moneysupermarket.com


Moneysupermarket.com
Moneysupermarket.com Group plc
Type Public (LSEMONY)
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 (LSEMONY) 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

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 and, as at 2011,it remains the biggest internet initial public offering in Europe.[6]

Operations

The Company derives its revenues from three main sources:[7]

  • Money vertical
  • Insurance vertical
  • Travel vertical

Criticisms

In 2007 the Guardian newspaper noted that price comparison websites such as moneysupermarket.com rarely include all products on the market and therefore any price comparisons are inaccurate.[8]

See also

References

External links


Wikimedia Foundation. 2010.

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