Newport-based is planning to change its name.

Matthew Crummack, chief executive officer, said: "We are announcing a proposed change of name for the company to GoCo Group plc reflecting the transformation of the group since we listed on the FTSE in November 2016.

"We will seek shareholder approval for this name change at the annual general meeting in May.” Group plc, which is based at Imperial Park, Newport, recently hosted its first Capital Markets Day for investors and analysts.

The event was hosted by Matthew Crummack and Nick Wrighton, chief financial officer, together with other members of the senior management team.

The presentations focussed on group strategy and provided an update on the latest market trends, detailing how the group is positioning itself to take advantage of the significant market opportunity of saving people time and money.

Mr Crummack said: "We believe there is a substantial opportunity in addressing the ‘infrequent switchers’, and that we have the skills, technology and discipline to exploit this. We now intend to move quickly and decisively to capture this market.

"Our strategy is to build a scalable set of technology services which will enable us to further optimise and grow our core GoCompare and MyVoucherCodes brands, while innovating with our weflip brand to unlock an exceptional medium-term growth opportunity."