Moneysupermarket.com

Moneysupermarket.com

Moneysupermarket.com is a leading price comparison website and tech-led savings platform in the UK. Here's a comprehensive overview of the company:

History and Background

- Founded in 1993 as an offline mortgage comparison business called Mortgage 2000 - Launched its website in 1999, expanding into online price comparisons - Went public in 2007, listing on the London Stock Exchange - Has grown through acquisitions, including MoneySavingExpert.com in 2012 and Quidco in 2021

Core Business Model

Moneysupermarket.com operates as a price comparison platform, allowing consumers to compare prices and features across a wide range of financial and household products, including:

- Insurance (car, home, travel, pet, etc.) - Energy tariffs - Credit cards and loans - Mortgages - Broadband and mobile phone deals - Travel deals

The company makes money primarily through commissions and referral fees from providers when customers purchase products through their platform1.

Key Brands and Subsidiaries

- MoneySuperMarket: The flagship price comparison website - MoneySavingExpert: A popular consumer finance advice website - TravelSupermarket: Travel comparison site - Quidco: A leading cashback website - Decision Tech: A price comparison software platform

Technology Platform

Moneysupermarket.com has invested heavily in its technology infrastructure, developing a scalable tech-led savings platform. This allows them to:

- Provide real-time price comparisons - Offer personalized recommendations - Analyze large datasets to improve user experience and provider offerings

Revenue and Profitability

- In 2023, the company reported record revenue, though profits remain below all-time highs - The business model is highly profitable and cash-generative, with a 22% operating margin reported in 2023[15]

Customer Benefits

- Helps consumers save money on household bills and financial products - Offers a rewards program called SuperSaveClub, providing additional perks like cashback and free days out[12] - Provides free tools like Credit Monitor to help users manage their credit scores

Market Position

- One of the UK's leading price comparison websites - Faces competition from other major players like Compare the Market, Confused.com, and GoCompare

Recent Developments

- In 2024, the company announced plans to change its holding company name to Mony Group PLC, reflecting its evolution into a broader tech-based savings platform[9] - Continues to expand its range of services and improve its technology to offer more personalized and efficient comparisons

Corporate Responsibility

- Focuses on helping households save money as part of its core mission - Has initiatives to promote financial literacy and consumer empowerment

Moneysupermarket.com has established itself as a key player in the UK's personal finance landscape, leveraging technology and trusted brands to help consumers make informed financial decisions and save money on a wide range of products and services.