USwitch Limited

USwitch Limited is a UK-based comparison service facilitating consumer choices in energy, broadband, and mobile services, helping customers maximize savings and optimize their utility expenses through a user-friendly online platform. Founded in 2000 in London, UK, USwitch Limited operates as a comparison platform for energy, broadband, and mobile services. The company was acquired by Zoopla Property Group Plc in April 2015 for GBP 160 million, with a performance-based earn-out of up to GBP 30 million. The CEO is Angus Mccarey, and the company was founded by Blake Elliott, Juan Mosquera, Kirk Sims, and Steve Royle.

USwitch Limited has closed a total of 4 deals with the most recent deal occurring on April 30, 2015. Uswitch. com provides a wide-ranging comparison service that enables consumers to find and switch their energy tariffs, broadband packages, and mobile plans. The platform allows customers to easily evaluate costs, features, and potential savings, catering primarily to residential consumers across the UK in both urban and rural areas.

By continuously enhancing its service offerings, USwitch ensures that users can make informed decisions while accessing competitive market rates. In 2023, USwitch reported a revenue amount of GBP 99,325,732. 60 and an EBITDA of GBP 16,820,490. 90.

The company operates on a commission-based revenue model where it receives payments from service providers for successful customer switches facilitated through its platform, ensuring that consumers can access these services at no charge. USwitch Limited plans to leverage its recent funding from ZPG Plc to enhance its platform and expand its product offerings, which may include new tools for additional service comparisons. The company seeks to explore opportunities for geographic expansion within the UK and potentially into other markets, although specific regions and timelines have not been disclosed. The funding will support these initiatives, particularly in technology enhancements to improve user experience.

In April 2015, the acquisition by Zoopla Property Group Plc positioned USwitch for strategic growth in the comparison market.