Money.co.uk explained

Url:Money.co.uk
Type:Private
Language:English
Owner:ZPG plc
Industry:Finance and insurance
Launch Date:2008
Current Status:Active

money.co.uk is a UK-based price comparison website launched in 2008.[1] It compares financial products including credit cards, bank savings, and mortgages. The company is regulated by the Financial Conduct Authority registered under Dot Zinc Ltd.[2] In 2015 it was ranked as having the second fastest growing profits of the top 100 private companies in Britain by The Sunday Times BDO Profit Track 100 league table.[3]

History

money.co.uk was launched under the parent company Dot Zinc Ltd,[4] by founder and Managing Director Chris Morling,[1] who featured 754th on Sunday Times Rich List 2015.[5] [6]

In the year to 31 October 2014, pre-tax profits were at £15.6 million [7] and the site has received an average of over 2.5 million visits a month.[8]

In September 2017, ZPG plc, which owns the property website firm Zoopla, purchased the company in a £140 million deal.[9]

Marketplace

money.co.uk compares financial products, with emphasis on things such as credit cards and bank savings rather than insurance like competitors.[6] The site provides comparisons for around 60 products [10] and generates revenue through commissions from the financial products it offers.[7]

As part of the company's business proposal, Hannah Maundrell, the Editor-in-Chief of money.co.uk,[11] has been featured in the national press advising consumers about their online purchasing rights [12] and ways to manage credit and debt.[13]

Operations

The company has an auditing process in place for any payday loan providers who wish to be listed on money.co.uk. If a lender or broker refuse to complete the questionnaire consisting of 70 questions, they will not be listed on the website. In the year to 23 July 2014 there were 38 brokers, and lenders listed on the website.[10] To aide customers in their financial comparison decision making, money.co.uk hosts finance-based guides.[14]

The company previously had its head offices in the 150-year-old Cecily Hill Barracks, a former British Army barracks in Cirencester, Gloucestershire, known locally as ‘The Castle’.[4] It also has a satellite office in London.[15]

The main Cirencester offices are spread over three floors and include a staff gym, lounge and a games room that contains a foosball table that was formerly owned by Hollywood actor Robert Downey Jr..[4] In May 2015, the company was ranked seventh among all small UK companies on the Best Workplaces list.[16]

Following a £3 million renovation of ‘The Castle’ by Bath-based workplace design and build firm Interaction,[17] the company received huge press coverage.

Brand Overhaul

In 2014, the company underwent rebranding that involved a new logo, website and its first national TV advertising campaign, which featured competitive Los Angeles-based sign spinner Jeremy White.[18] [19]

In January 2017, a multimillion-pound campaign was launched with a TV advert showing scenarios where individuals checked different things, finishing with “you haven’t checked until you’ve checked money.co.uk”.[20] [21]

Awards

Notes and References

  1. Web site: 2015 The Sunday Times BDO Profit Track 100. Fast Track. 1 December 2015. https://web.archive.org/web/20151208120646/http://www.fasttrack.co.uk/fasttrack/leagues/dbprofitDetails.asp?siteID=2&compID=4021&yr=2015. 8 December 2015. dead.
  2. Web site: The Financial Services Register. Register.
  3. Web site: 2015 The Sunday Times BDO Profit Track 100. Fast Track. 1 December 2015. https://web.archive.org/web/20151208140510/http://www.fasttrack.co.uk/fasttrack/leagues/pt100leaguetable.asp?siteID=2&searchName=&yr=2015&sort=num&area1=99.article. 8 December 2015. dead.
  4. Web site: Big Interview Chris Morling Founder Of Fast Growing Gloucestershire Business money.co.uk. South West Business. 13 August 2014.
  5. Web site: Rich List 2015. 5 August 2015.
  6. Web site: McMillan. Peter. Cheltenham business personalities feature on rich list. Gloucestershire Echo. 27 April 2015. 1 December 2015. https://web.archive.org/web/20151208111352/http://www.gloucestershireecho.co.uk/Cheltenham-business-personalities-feature-rich/story-26395045-detail/story.html. 8 December 2015. dead.
  7. Web site: Profits Up At Fast Growing Comparison Website. InsiderMedia. 10 August 2015.
  8. Web site: money.co.uk calls in Tracy Dickerson. Gorkana.
  9. Web site: uSwitch parent ZPG to buy Money website in deal valued at up to £140m . Adam Samson . Financial Times . 7 September 2017.
  10. Web site: Payday Lending Market Investigation. Digital Cabinet Office.
  11. Web site: Maundrell. Hannah. What students should do now that Virgin West Coast has scrapped its Railcard 'double discount'loophole. The Independent. 7 September 2015.
  12. Web site: What rights do you have when returning online purchases?. BBC News. 12 December 2013.
  13. Web site: Beach. Darren. Managing credit and debt in long-term relationships. Experian.
  14. Web site: Morling. Chris. The Entrepreneur: Chris Morling, money.co.uk. Startups. 29 July 2014.
  15. Web site: Cirencester's Money.co.uk is Cotswolds' fastest growing private business. CotswoldLife. 20 April 2015.
  16. Web site: Great Work Places 2015. Great Places To Work. 1 December 2015. https://web.archive.org/web/20150925131017/http://www.greatplacetowork.co.uk/storage/Publications/greatworkplaces2015rev.pdf. 25 September 2015. dead.
  17. Web site: Money.co.uk Office Design Case Study .
  18. Web site: West. Gillian. Money.co.uk seeks to become a 'household name' with brand overhaul and first TV advertising campaign. The Drum.
  19. Web site: Spin-First credit card TV advert from money.co.uk(August 2014). money.co.uk. video.
  20. Web site: The new money.co.uk advert: we're swiping our way closer to death . Jack Seale . The Guardian . 21 January 2017.
  21. Web site: Money.co.uk "You haven't checked until you've checked" by Fold7 . Campaign Live . 4 January 2017.
  22. Web site: One Year On: Money.co.uk and the best online comparison site award. Insights Ecommerce Expo.
  23. Web site: 2013 What Mortgage Awards Winners. What Mortgage.
  24. Web site: Dot Zinc Limited (money.co.uk). National Business Awards 2013. 1 December 2015. https://web.archive.org/web/20151208051932/http://www.nationalbusinessawards.co.uk/Exhibitor/Dot-Zinc-Limited-moneycouk. 8 December 2015. dead.
  25. Web site: Digital Media Awards Winners. Digital Media Awards.
  26. Web site: 2014 Company/Organization Awards Category Stevie Award Winners. The International Business Awards.
  27. Web site: 2014 The Sunday Times Hiscox Tech Track 100. The Sunday Times Tech Track 100. 1 December 2015. https://web.archive.org/web/20151208193831/http://www.fasttrack.co.uk/fasttrack/leagues/dbtechDetails.asp?siteID=3&compID=4021&yr=2014. 8 December 2015. dead.
  28. Web site: The Sunday Times Hiscox Tech Profit Track 100 league table 2015. The Sunday Times Profit Tech Track 100. 1 December 2015. https://web.archive.org/web/20150909183628/http://www.fasttrack.co.uk/fasttrack/leagues/tech100leaguetable.asp?siteID=3&searchName=&yr=2015&sort=num&area1=99. 9 September 2015. dead.
  29. Web site: What Mortgage Awards: 2016 . What Mortgage . July 2016.
  30. Web site: UK's Best Workplaces: Small Category 2016 . Great Place to Work . 2016 . 13 February 2018 . 13 February 2018 . https://web.archive.org/web/20180213201431/http://www.greatplacetowork.co.uk/best-workplaces/best-workplaces-in-the-uk-small-category . dead .
  31. Web site: UK's Best Workplaces: Small Category 2017 . Great Place to Work . 2017 . 13 February 2018 . 13 February 2018 . https://web.archive.org/web/20180213201431/http://www.greatplacetowork.co.uk/best-workplaces/best-workplaces-in-the-uk-small-category . dead .
  32. Web site: What Mortgage Awards: 2017 . What Mortgage . July 2017.
  33. Web site: Money.co.uk: BCI . best companies.

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