Home Happy 4th Birthday to Asperity as it celebrates record quarter

Happy 4th Birthday to Asperity as it celebrates record quarter

Press Release: February 26, 2010

Voluntary benefits provider Asperity Employee Benefits celebrates its 4th birthday this week, having recently enjoyed its strongest quarter to date with sales to end December 09 running over twice normal levels.

Since its launch in 2006 the company has grown to service almost 300 employer clients across public and private sectors, and reported turnover of £7 million in the financial year to June 09 and expects to report well over £20 million for the current year 09/10.

In a recent trading update, Asperity announced that 52 new corporate clients signed up to its award-winning Reward Gateway employee benefits programme between October and December, a company best and more than double their projection. Asperity reports both average fee income and contract lengths holding up well. The company already provides employee benefits to workers at many big UK firms including Ladbrokes, TUI Travel, IBM, Malmaison & many local councils. A number of large new corporates including McDonalds Restaurants are known to have signed up in the most recent quarter.
The company also reported contract retentions pleasingly ahead of target. Client Service Director George Farrow commented: Weve retained almost 100% of our contract renewals in the face of a very difficult time for many of our clients which shows just how much value Reward Gateway offers for employers and how well that value holds up even under pressurised budgets and a very tricky economic environment.

As Asperitys market presence has grown from strength to strength, its dedication to providing its end-users with genuine, exclusive discounts at retailers they use every day has remained the backbone of the companys success.

The retailers themselves are also happy; Asperitys client growth combined with improved, personalised communications to endusers has delivered treble digit sales increases for retailers taking part in the Reward Gateway discount scheme. Comet, M&S, House of Fraser, and ASDA are among popular retailers on the scheme and recent technology upgrades by Asperity have made discounts more accessible leading to significant ramps in uptake. Alongside discounts of up to 15% at major retailers and department stores, the company provides access to hundreds of incentivised and discounted mobile phone and digital TV subscriptions and home and car insurance policies to employes each month.


About Asperity Employee Benefits
Asperity is the UK market leader in voluntary employee benefits with its Reward Gateway product - the UKs first fully integrated voluntary benefits scheme and the largest employee discount scheme in the UK. Reward Gateway is an exclusive discounted shopping service with discounts and savings for employees at over 1500 retailers and service providers. The scheme has been described as a whos who of the high street and includes discounts at retailers such as M&S, Boots, Debenhams and House of Fraser.

Asperity is the only voluntary benefits provider to use a pioneering mix of Cashback on top of traditionally negotiated employee discounts meaning that the levels of savings on Reward Gateway are higher than any other scheme in the market.

Since launch, Asperitys Reward Gateway product has taken the market by storm and Asperity provides its scheme to employees at over 300 leading companies including Sky, Veolia and AXA. Reward Gateway now services over 1 million UK employees with discounts and savings at over 1500 retailers. Offers are accessed online, locally, on the phone and in the high street.

Childcare Vouchers, Cycle to Work, Healthcare Cashplans, Total Reward Statements and Reward & Recognition programmes are also provided by Asperity in addition to clients' discounts schemes, as part of Asperity's leading-edge, fully integrated voluntary benefits service.

Asperitys dedicated employee Helpdesk is open M-F 8am 8pm, S-S 10am 4pm.

Notes to editors

For more information, please contact:

Jenny FyansJenny Fyans

Tel: 020 7229 0349020 7229 0349

Email: jenny@asperity.co.ukjenny@asperity.co.uk

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