Quintessentially Group Explained

Quintessentially Group
Type:Privately held company
Industry:Lifestyle management
Founded:2000
Founders:Aaron Simpson
Ben Elliot
Paul Drummond
Hq Location:London, England
Hq Location Country:United Kingdom
Num Locations:60
Key People:Darren Ellis, Group CEO
Services:Concierge and Lifestyle Management services[1]
Revenue:US$ 23,100,000 (2018)
Num Employees:1,000
Num Employees Year:2019[2]

Quintessentially Group is a British concierge company founded in 2000 by Aaron Simpson, Ben Elliot and Paul Drummond.[3] The company is headquartered in London[4] and operates 60 offices worldwide.[5] Quintessentially is a members-only "luxury lifestyle management service" that provides concierge services including travel bookings, restaurant recommendations, and access to events.[6]

History

Quintessentially was established in 2000 by Aaron Simpson, Paul Drummond and Ben Elliot.[7] Simpson met Drummond at Oxford University and later started the company with business partner Elliot as a small, London-based concierge service.[8] Before founding Quintessentially, Elliot had co-founded K-Bar Plc, a group of nightclubs and bars, and Simpson had worked as a film producer.[9]

From 2002 to 2005, Quintessentially expanded from two offices in the United Kingdom to ten around the world. In 2018 the company reports to over 60+ offices in cities such as Cairo, Dubai, Hong Kong, London, Los Angeles and New York. In 2010, the company was estimated to have about 86,000 subscribers, including 800 billionaires.[10] Quintessentially moved its headquarters from Soho to Portland Place in early 2011.[11] In 2017, it was announced that the company was building a "super yacht" for its members.[12] [13]

In 2015 Quintessentially created the website for an international escort agency called Le Besoin which was registered at its London headquarters. When revealed by the Financial Times in 2020, they denied any further involvement in the agency, stating they had “created a website for a client launching a dating service”.[14]

Since 2019, Ben Elliot has been the Co-Chairman of the Conservative Party, with responsibility for fundraising.[15] An accountant’s report described the group's structure as 'opaque and complex'. In January 2021 some of Quintessentially UK Limited's 14 sister companies were up a year late in filing their accounts.[16] In 2021 professional services firm Deloitte was sought with finding a buyer for Quintessentially.[17]

The company has boasted about how it serves wealthy Russian clients, which includes opening an office in Russia and creating a "dedicated Russian team."[18] After Russia invaded Ukraine in 2022, the company deleted its webpage that boasted about serving Russian elite clients.[19]

Operations

Quintessentially Group is a network of 16 brand services that operate the personal services provided for its private members.[20] These companies include Travel, Events and Estates,[21] and Quintessentially Gifts.[5]

Quintessentially UK Ltd — the holding company for a network of more than 30 businesses, including an art dealership, a florist, an estate agency and a chauffeur service, that cater to wealthy clients — recorded a £3.1m loss in the year to April 30, 2018, its latest available accounts.[22] Its 2019 published accounts showed revenues were £50m with losses of £4.4m.[23]

Quintessentially Lifestyle

Quintessentially Lifestyle is a members-only luxury lifestyle management and concierge service.[7] The New York Times called Quintessentially Lifestyle, "The company that transformed the idea of concierge services into 'lifestyle management.'"[24] It offers corporate and private memberships that include preferential rates on hotels and other reservations, access to events, luxury gifts, and other services.[20] [25] [26]

Globally, the firm employs more than 1500 Lifestyle Managers in over 60 offices speaking 35 languages.[27]

Since 2016, the Department for International Trade has paid Quintessentially £1.4 million to introduce Whitehall officials to high-net worth individuals, so they can "network at the highest levels", according to a contract seen by the FT.[28]

Quintessentially Foundation

Established in June 2008, the Quintessentially Foundation is the charitable arm of the Group.[11] It has raised more than £9,000,000 through various fundraisers, including the annual Poker Night.[29]

Notes and References

  1. Web site: Beyond The Black Card?. Afsun Smith. 26 February 2003. Forbes. 6 February 2015.
  2. Web site: Quintessentially hopes its fixers can fetch £120m. Ashley Armstrong. 15 November 2014. The Daily Telegraph. 6 February 2015.
  3. News: Guardian Media Group: Luxury magazines have designs on readers with the deepest pockets of all . The Guardian . 19 January 2011 . London . James . Robinson . 30 July 2007.
  4. Web site: Quintessentially Sees Hong Kong as a Natural Fit for its HQ.
  5. Web site: A Gift So Right, She'll Know You Got Help. Marrhew Schneier. 17 December 2014. The New York Times. 6 February 2015.
  6. News: When it's the gardener's day offand the topiary really needs a trim. 8 December 2005. The New York Times. https://archive.today/20120905014811/http://www.nytimes.com/2005/12/08/realestate/08iht-regift6.html?_r=2. live. 5 September 2012.
  7. Web site: Jacobs. Emma. 21st Century Butlers. Financial Times. 20 December 2010.
  8. Web site: My perfect weekend: Ben Elliot. Anna Tyzack. 20 October 2011. The Daily Telegraph. 6 February 2015.
  9. Web site: Leaders in Luxury Ben Elliot. 5 February 2009. Elite Traveler. 6 February 2015.
  10. Web site: Quintessentially goes upmarket to beat recession. Mark Potter. 3 June 2010. 6 February 2015. Reuters.
  11. Web site: Business Diary: Ben Elliot, Quintessentially. 29 August 2011. Financial Times. 6 February 2015.
  12. Web site: PageSuite. 30 May 2017.
  13. News: Mr Fixer: The man who can arrange anything for you. Smale. Will. 1 May 2017. BBC News. 30 May 2017.
  14. News: Kinder . Tabby . Thomas . Daniel . Quintessentially concierge service set up escort agency's website . 5 August 2021 . 27 November 2020.
  15. News: Ben Elliot: Conservative Party money man with A-list connections . 5 August 2021 . BBC News . 5 August 2021.
  16. Web site: Inside the February issue starring Daisy Ridley. 2020-12-30. www.tatler.com. 29 December 2020 .
  17. News: Quintessentially mulls life after Ben Elliot as concierge firm seeks buyers. .
  18. News: Pickard . Jim . Kinder . Tabby . Thomas . Daniel . 2022-03-03 . Johnson under pressure to sack Tory fundraiser over Russia links . Financial Times . 2022-03-04.
  19. Web site: 2022-03-03 . Tory party chairman's company deletes webpage about Russia 'elite' connections . 2022-03-04 . The Independent . en.
  20. Web site: Matthew Kassel . 8 March 2012 . A Personal Concierge Service That Will Do Your Errands—And Book You A Yacht on the French Riviera . 6 February 2015 . Business Insider.
  21. Web site: The TV or Radio Is Always On. Angus Watson. 4 July 2009. Financial Times. 6 February 2015.
  22. News: Quintessentially turns to US investor for loan amid pandemic. 2020-10-26. Financial Times. 25 August 2020 .
  23. News: Nobody home: the story of Quintessentially's Amex bill. Financial Times. 19 January 2022 .
  24. News: Pham. Lisa. Hey, Big Spender, You Want Value?. The New York Times. 23 October 2009 . 23 October 2009.
  25. Web site: Membership To Quintessentially – The Ultimate Christmas Gift. 17 October 2008. Elite Traveler. 6 February 2015.
  26. News: Yan. Cathy. What's Hot on the Concierge List. The Wall Street Journal. 24 November 2010 . 24 November 2010.
  27. Web site: Quintessentially's Most Extravagant Requests . Esquire . https://web.archive.org/web/20130901174330/http://www.esquire.co.uk/culture/article/4698/quintessentiallys-most-extravagant-requests/ . 2013-09-01 . 22 October 2017.
  28. Web site: Kinder. Tabby. Thomas. Daniel. 2020-03-03. 'Knowing the right people': the embattled concierge with elite connections. 2020-10-26. www.ft.com. en-GB.
  29. Web site: The Quintessentially Foundation Gives Guests The Chance to Play to Their Hand For a Great Cause. 6 February 2015.