Moneysupermarket.com: Difference between revisions
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'''Moneysupermarket.com Group PLC''' ({{lse|MONY}}) is a [[United Kingdom|British]] |
'''Moneysupermarket.com Group PLC''' ({{lse|MONY}}) is a [[United Kingdom|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]]. |
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==History== |
==History== |
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Revision as of 14:17, 5 October 2008
| File:Moneysupermarket.svg | |
| Company type | Public (LSE: MONY) |
|---|---|
| ISIN | GB00B1ZBKY84  |
| Founded | 1993 |
| Headquarters | , |
Key people | Gerald Corbett (Chairman of the board) Simon Nixon (Founder and CEO) |
| Revenue | £162.9 million (2007)[1] |
| £52.9 million (2007)[1] | |
Number of employees | 606 (2007)[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.
History
The business was established in 1993 by Simon Nixon (a student at Nottingham University) and Duncan Cameron (Nixon's then girlfriend's brother) and as a provider of off-line mortgage information to Independent Financial Advisors under the name Mortgage 2000.[2]
In 1999 Nixon launched moneysupermarket.com providing on-line mortgage information[3] and in 2000 expanded the service to provide credit card and personal loan information.[3]
In 2003 insurancesupermarket.com and in 2004 travelsupermarket.com were launched.[3]
In June 2007 Duncan Cameron agreed to sell his 47% stake to Simon Nixon for £162m.[4]
The Company was first listed on the London Stock Exchange in July 2007.[5]
Operations
The Company derives its revenues from three main sources:[6]
- Money vertical
- Insurance vertical
- Travel vertical
Criticisms
Critics have noted that websites such as moneysupermarket.com rarely include all products on the market and therefore any price comparisons are inaccurate.[7]
See also
References
- ^ a b c Pro-forma figures. "Annual Report 2007" (PDF). Moneysupermarket.com Group. Retrieved 2008-07-13.
- ^ 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
- ^ Moneysupermarket.com:About us
- ^ Beware when you Compare - Guardian, Friday 22nd June 2007