Gocompare helped consumers save over £1bn over the last decade
It might be best-known for its twiddly-moustached compere, but in ten years of business, Newport-based price comparison site GoCompare has helped consumers save more than £1bn on bills, reports Wales Online. This week, the business celebrated floating on the London Stock Exchange as it de-merged from its owner, the FTSE 250 esure Group.

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It is celebrating 10 years in business and in that time Newport-based price comparison business, Gocompare.com, has helped consumers save more than £1bn on bills from household insurance to utility tarffis.

This week the business made its debut on the London Stock Exchange after it de-merged from its owner and FTSE 250 firm esure Group

It started trading, having been set up by Hayley Parsons who had previously worked for Admiral's price comparison business Confused.com, in November 2006.

And it's collective saving over the decade of more than £1bn equates to:

More than £3 per second

More than £11,000 per hour

More than £280,000 per day

More than £103m a year

Chief executive of GoCompare, Matthew Crummack said:"Gcompare.com has had an incredible 10-year journey, from its birth as a disruptive start-up to its growth into an iconic brand in product and price comparison.

"We are looking forward to starting our next chapter as a company listed on the London Stock Exchange.

"Every step we’ve taken over the past ten years has been driven by a genuine commitment to do the right thing by our customers, and this will remain our guiding principle as we move into the future.

We are only paid a fee by a company that’s gained a customer which makes it a very fair business model. It’s great to know that we’ve saved our customers at least £1bn over the past ten years – we want to save them even more. ”

The company works with more than 650 brands covering more than 40 products from car, life and home insurance, to flights, mortgages and broadband.