Look After My Bills is the UK’s largest fully automated switching service. Customers sign up once and Look After My Bills aims to get them the best deal they can from an energy supplier they trust with good customer service. When that deal ends they automatically switch customers on to another.
Significant opportunity of 23m households exists by addressing the needs of infrequent switchers. Look After My Bills has a highly attractive business model to transform the Group with a subscription style service (free to consumers, revenue from suppliers) driving high customer retention, lower marketing spend and ultimately higher margins.
Look After My Bills joined GoCo Group in July 2019.
Watch co-founders Henry de Zoete and Will Hodson discuss their journey and vision for delivering our rapidly growing auto-switching business.
Look After My Bills is on a mission to ensure no one gets ripped off again, ever. We are proud to share that vision with some of Britain’s best-known brands in the GoCo Group, and to match our expertise in auto-switching with the ambition of GoCo, which has built a famous brand in the comparison space.Henry de Zoete and Will Hodson Co-founders of Look After My Bills
The history of Look After My Bills
In March 2018, Look After My Bills received investment and graduated from the renowned Silicon Valley based start-up accelerator Y Combinator who backed start-ups such as Airbnb, Dropbox, Coinbase and Stripe.
In August 2018, Look After My Bills featured on Dragons’ Den, securing the best deal ever struck in the Den’s 13-year history. The founders received offers from all five Dragons and gained a total investment from Jenny Campbell and Tej Lalvani of £120,000 for just 3% of their business. (BBC coverage here, the section of the show here).
In July 2019, GoCo Group plc acquired Look After My Bills in a deal worth a maximum potential consideration of £12.5m. The total consideration was comprised of £6.0m upfront, financed through the Group’s existing resources, plus £2.5m deferred consideration, plus up to a further £4.0m performance based earn-out.
In September 2020, GoCo Group's AutoSave live customer numbers grew 148% year-on-year to 597,000, an increase of 115,000 in the quarter, as demand for and awareness of the proposition continues to grow.
Look After My Bills is rated 4.6 out of 5 on Trustpilot with 19,000+ reviews (as of 10 November 2020).
Excellent and easy process to switch. I was kept up to date every step of the way. I no longer have to stress about looking for the best deal because look after my bills takes care of everything. Five stars for the excellent customer service I’ve received. I highly recommend this company.
How it works
Auto-switching is the easiest way to save money on household bills. We have stacks of experience switching people’s energy and we make sure our members never pay over the odds for their energy. How does Look After My Bills work? Here’s everything you need to know at each stage of the process, from signing up to what happens after you switch supplier.
Sign up once in two minutes with just a tiny bit of information. No more form filling ever again!
We put our advanced algorithms to work and find you a great deal, you do nothing.
We let you know that we’ve found a deal and switch you, taking care of everything.
When that deal ends we’ll switch you again, you don’t need to do anything!