- Moneysupermarket.com
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Moneysupermarket.com Group plc 
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 CEORevenue £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
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
- Confused.com
- BeatThatQuote.com
- Energyhelpline
- Expedia
- Gocompare.com
- Kelkoo
- Moneyfacts
- Travelocity
- uSwitch
- Travelmatch
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
- ^ [1]
- ^ Moneysupermarket.com:About us
- ^ Beware when you Compare - Guardian, Friday 22nd June 2007
External links
Categories:- Companies listed on the London Stock Exchange
- Price comparison services
- Commerce websites
- Companies established in 1993
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