Esure GoCompare's demerger from Esure cost the firm £8.1m
GoCompare's separation from parent company Esure cost the firm £8.1m ($9.9m), according to its yearly results. Between 2015 and 2016, the company's operating profit fell from £23.1m to £21.1m. However, without the costs of listing the business, the company's operating profit grew by 29.9% to £30m. Over the same period, the company's revenue grew by 19.5%, from £118.9m to £142.1m. Michael Crummack, CEO of Go Compare, said the company is focused on continuing to build on its ability to save customers time and money through independent and unbiased services.

Go Compare’s demerger from parent company Esure cost the business £8.1m according to its full year results.

The results highlighted a fall in operating profit from £23.1m in 2015, to £21.1m in 2016. Without the costs associated with listing the business, the company made an adjusted operating profit of £30m, a growth of 29.9%. Revenue rose from £118.9m to £142.1m over the period representing a growth of 19.5%.

Matthew Crummack, CEO of Go Compare described 2016 as ‘transformational year’. He said, ‘As we move forward into 2017, we are focused on continuing to build on our truly independent and unbiased services that help people everywhere save time and money.’