Fast Track 100

Through its three channels – Price-drop.tv, Bid-up.tv and Screenshop – Sit-up claims to have 30% of the UK market for TV home shopping. It offers 12,000 products each year and says it sells more than 25,000 items a day. But rather than being given a precise price, buyers are invited to bid for items online or by phone in a series of auctions. Sit-up was founded in 2000 by John Egan and Ashley Faull, who both worked at ITV Digital, and Chris Manson, who was a director of Chelsea FC. It has raised more than £25m from investors, including Telewest and Alpine, and it acquired Screenshop from Telewest in 2001 for £10m. Sales have grown 139% a year from an annualised £8.7m in 2000 to £118.9m in 2003.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2004
Rank17
Companysit-up
ActivityHome shopping channel
LocationCentral London
Annual sales rise over 3 years139.08%
Latest sales £000s118,870
Staff413
Founded2000
Websitewww.sit-up.tv

If applicable:

* supplied by company † annualised figure