Q3 growth for Moneysupermarket
PRICE comparison website Moneysupermarket.com is continuing to attract cost-conscious consumers, with third quarter sales up by 18% to £58.9m.
The business, based in Ewloe, near Chester, earns money from commission on the sale of mortgages, credits cards, insurance and holidays.
It has four divisions – insurance, money, travel and home services – and there was growth across the board. The MoneySavingExpert site also continued to see good revenue growth, up 6% to £6m in the three months to the end of September.
Chief executive Peter Plumb said: “This has been another good quarter with trading growth up 18%. In parallel with saving more people more money – we’ve helped 3.7 million customers so far this year – the technology team has launched our pioneering new motor insurance site to a number of customers.
“We think this is easily the best way for customers to find the policy that best suits them – you can compare features, benefits and exclusions of policies as well as price. We’ll be rolling out the new technology to more customers across our business channels in the months ahead.”
Over the nine months to the end of September, revenues have grown by 10% to £165.6m.
