Moneysupermarket.com

From Wikipedia, the free encyclopedia - View original article

MoneySuperMarket.com Group plc
TypePublic (LSEMONY)
Founded1993
Founder(s)Simon Nixon
HeadquartersEwloe, Wales
Key peopleGerald Corbett (Chairman of the board)
Simon Nixon (Founder and Executive Deputy Chairman)
Peter Plumb CEO
RevenueIncrease £204.8 million (2012)[1]
Operating incomeIncrease £31.5 million (2012)[1]
Net incomeIncrease £24.8 million (2012)[1]
WebsiteMoneysupermarket.com
 
  (Redirected from Money Supermarket)
Jump to: navigation, search
MoneySuperMarket.com Group plc
TypePublic (LSEMONY)
Founded1993
Founder(s)Simon Nixon
HeadquartersEwloe, Wales
Key peopleGerald Corbett (Chairman of the board)
Simon Nixon (Founder and Executive Deputy Chairman)
Peter Plumb CEO
RevenueIncrease £204.8 million (2012)[1]
Operating incomeIncrease £31.5 million (2012)[1]
Net incomeIncrease £24.8 million (2012)[1]
WebsiteMoneysupermarket.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.

History[edit source | edit]

The business was established in 1993 by Simon Nixon, at the time 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]

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 releasing £101m and retaining 54.5% of the business.[6]

Operations[edit source | edit]

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

Criticisms[edit source | edit]

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]

See also[edit source | edit]

References[edit source | edit]

External links[edit source | edit]