The Number rings up the wrong figures
Saturday 12 February 2005
New documents filed at Companies House show that The Number UK generated sales of pounds 36.5m in 2003 but the costs of setting up call centres and its heavy advertising budget plunged the business into a pounds 17m loss. Chris Moss, the former Orange mobile phone executive who joined The Number as chief executive, was paid pounds 1.7m in the same year.
A spokesman for the company said, however, that costs had been significantly reduced during 2004 and that it had made an operating profit of "between pounds 5m and pounds 10m". No other details on its 2004 trading were available.
The 118 118 business is owned by the privately held US company, InfoNXX, whose largest shareholder is the Tisch family, a clan of wealthy property magnates. The most recent filing shows that the directory enquiries business, which employs nearly 1,000 people, is supported by $50m (pounds 27m) of debt provided by Bank of America, including a $20m loan and a $30m credit facility.
Since BT stopped using the 192 number for directory enquiries in August 2003, call volumes have increased substantially, according to The Number's accounts. The company's spokesman said it now had 45 per cent of the market compared with BT's 35 per cent and was particularly strong in calls made from mobile phones.
The company estimates the UK's total call volume for all directory enquiry services is 1 million to 1.2 million calls a day.
- 2 Top Gear: Jodie Kidd, Philip Glenister and Guy Martin 'in advanced talks' to join show
- 3 General Election 2015: 14-year-old boy asks Nick Clegg – 'can you kill Katie Hopkins?'
- 4 University student in court for allegedly covering housemates' food in window cleaner and spit
Italian police 'reveal' what Jesus looked like as a young boy
Mysterious 'X-Files' sounds heard miles above the Earth
University student in court for allegedly covering housemates' food in window cleaner and spit
Garland shooting: Isis claims attack on Prophet Mohamed cartoon contest in Texas as its first action on US soil
Met Gala 2015: Beyoncé manages to out-skimp Rihanna, Miley and Kim Kardashian combined with near-naked ensemble
In defence of liberal democracy
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
Andy McSmith's Sketch: Feisty audience is the real star of an enlightening show
iJobs Money & Business
£20000 - £25000 per annum + Uncapped commission: SThree: Can you speak German,...
£25000 - £30000 per annum + benefits: Ashdown Group: An exciting opportunity f...
£215 per day: Ashdown Group: Junior Project Manager (website, web application ...
£40-50K: Guru Careers: We are seeking an experienced Software Engineer / Softw...