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Converted Lurker

Up My Street Sold As Part Of U Switch Acquisition

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Suppliers pay a fee for customers who switch to their services on the website, but there is no charge to consumers. The company claims the average saving for people who switch energy suppliers is £140. Not only do consumers face rising prices but also bewildering choices. There are 20 gas and electricity providers and 20,000 different tariffs, according to uSwitch. "The wonderful thing about uSwitch is that we make money by saving people money," Lord Milford Haven said in an emailed statement.

The company aims to expand into other areas including mortgages and car insurance. "Comparison shopping is already popular with consumers, but there is still ample room for growth," Mr Salmon said.

The business has few overheads and this year is projected to make up to £9m in profit on revenues of up to £26m. It also owns UpMyStreet.com, a local information site.


Edited by Converted Lurker

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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