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