2012 Buyout Track 100
Rank: 74 Skrill
Main shareholders: Investcorp (51%), management (14%), others (35%)
Skrill says 20m people use its technology. It allows anyone with an email address to send and receive payments online securely and cost-effectively. Led by joint chief executives Martin Ott and Nikolai Riesenkampff, profits grew 29% a year, from £13.9m in 2008 to £23.2m in 2010, and the London firm has one of the league table’s highest margins. Investcorp bought a 51% stake in 2007 when it backed a £71.5m buyout, but Skrill’s planned stock-market flotation last year was cancelled due to market uncertainties. However, overseas expansion is growing apace.
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Skrill says 20m people use its technology. It allows anyone with an email address to send and receive payments online securely and cost-effectively. Led by joint chief executives Martin Ott and Nikolai Riesenkampff, profits grew 29% a year, from £13.9m in 2008 to £23.2m in 2010, and the London firm has one of the league table’s highest margins. Investcorp bought a 51% stake in 2007 when it backed a £71.5m buyout, but Skrill’s planned stock-market flotation last year was cancelled due to market uncertainties. However, overseas expansion is growing apace.
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Company facts
Skrill
Online payment provider
Company website
| Profit growth | 29.10% pa |
| 2010 profit | £23.2m |
| 2008 profit | £13.9m |
| 2010 sales | £57.0m |
| 2010 staff | 395 |
| Founded | 2001 |
| Location of HQ | Central London |
| * annualised figure | |
