Checkatrade | |
Company type | Limited company (subsidiary of HomeServe) |
Founded | September 1998 in Selsey, West Sussex |
Founder | Kevin Byrne OBE BCAb |
Headquarters | Lakeside North Harbour, Portsmouth, Hampshire, |
Area served | United Kingdom |
Key people | Jambu Palaniappan (CEO) |
Revenue | £55.6 million (2022) [1] |
Number of employees | 555 (2022) [1] |
Parent | Brookfield Corporation |
Website | checkatrade |
Vetted Limited, trading as Checkatrade, is a site which connects homeowners with approved local tradespeople. It is a subsidiary of Brookfield Corporation. [2]
Checkatrade was founded by Kevin Byrne OBE (BCAb) and headquartered in Selsey, West Sussex, for 21 years before relocating to Portsmouth, Hampshire, in 2019 following its acquisition by HomeServe. Canadian asset management firm Brookfield acquired the company upon completing its purchase of HomeServe, Checkatrade’s parent organisation, in 2022. [3]
In 2021, the company had more than 44,000 members. [4]
Originally known as Scout, Checkatrade was set up in September 1998 by local resident Kevin Byrne OBE BCAb after rogue traders descended on the seaside town of Selsey following a localised tornado that damaged 1,000 buildings and caused £10m in damage. [5] Under the Scout name, Byrne printed and distributed a directory of local tradespeople whom he had personally checked to complete jobs in the Selsey area. [6]
Scout soon expanded to cover Chichester. In the early 2000s, the company began advertising its services on local radio and television. It also began sponsoring major sporting events as ‘Scouted Out’ around this time.[ citation needed ]
In 2001, a website was published called The Trade Register. This name replaced Scouted Out, reflecting the company’s growing membership across Chichester, Surrey, and South West London. In 2005, the company changed its name to Checkatrade after a government rule forbade use of the word register.[ why? ] [7] Checkatrade has been listed with Companies House as Vetted Ltd since 2001. [8]
In 2013, Checkatrade had 100 employees, 10,000 members, and 80 directories live. [9] By 2015, the company reached 19,000 members and two million published reviews. [10]
In February 2017, HomeServe acquired a 40% stake in Checkatrade, but held an option to increase its share to 75% within the next two years. [11] By November 2017, HomeServe had bought the remaining 60% of the business for £54m. [12] Shortly afterwards, Byrne stood down as CEO [13] and was replaced by Mike Fairman. [14] In 2018, Checkatrade announced it was relocating to its current headquarters to Portsmouth. [15]
In 2021, Checkatrade announced a new guarantee, covering homeowners up to £1,000 for any unsatisfactory work booked through the business. [16] The same year, Checkatrade also launched an advertising campaign featuring a modern-day Julius Caesar. The advert was a satirical take on friends’ recommendations, referencing Caesar’s betrayal at the hands of those he trusted most. In the advert, Caesar rejects Brutus’s advice in favour of Checkatrade because the company offers "recommendations you can rely on". [17]
In 2022, Brookfield acquired HomeServe, Checkatrade’s parent organisation, in a deal worth over £4bn. [18] As of December 2023, the business remains headquartered in Portsmouth, with Richard Harpin as the company’s chairman. Jambu Palaniappan became Checkatrade CEO in September 2023.
In 2014, Checkatrade won a Queen’s Award for Enterprise in the Innovation category. [19] Later that year, the company was recognised by The Times in its ‘Best Small Companies to Work For’ awards. [20] Checkatrade won Online Trade Directory of the Year at the 2018 On the Tools awards. [21]
Several local councils in the UK have previously partnered with Checkatrade to support trading standards, including Surrey, Nottinghamshire, East Sussex, Suffolk, Kent, and Buckinghamshire. [22] [23] [24] [25] [26]
In 2019, Kent Police recommended that local residents hire tradespeople through the Kent County Council approved trader scheme created with Checkatrade after an elderly woman was targeted by con men, resulting in her losing over £1,000. [27] Kent County Council ended their partnership with Checkatrade in 2020, replacing it with a Trading Standards vetting scheme. [28]
In July 2021, Richard Harpin discussed research from Checkatrade on the BBC Radio 4 Today programme, noting the UK’s lack of skilled trade workers despite growing demand in the home improvement market. [29]
Checkatrade has conducted research into the impact of rogue trading across the UK. In December 2021, the company found that 13% of its respondents had been impacted by rogue traders. [30] In May 2022, the company found that residents in Newcastle, Belfast, and London were most likely to fall victim to rogue trading. [31]
In October 2022, Checkatrade joined BT’s partnership network to help drive small business growth. [32] Later on the same year, Checkatrade and HomeServe established ‘Trade-Up’, a not-for-profit campaign that trains people to become tradespeople. [33]
In March 2023, Checkatrade published a report on the skills gap in UK trades and construction. It revealed a shortfall of one million workers. In response, the company launched GetIn, a nationwide campaign to encourage school leaders and young people under the age of 25 into trades careers via apprenticeships. [34]
Checkatrade were the primary sponsor of the English Football League Trophy, from the 2016/17 season to the 2018/19 season. The Checkatrade Trophy involves clubs from League One and League Two, plus 16 under-21 teams from the Premier League and EFL Championship clubs.[ citation needed ]
Between 2013 and 2018 the Broadfield Stadium, home of Crawley Town F.C., was renamed The Checkatrade.com Stadium as part of a sponsorship deal. [35] In 2018, Checkatrade became sponsor of the PDC darts tournaments. [36]
East Sussex is a ceremonial county in South East England. It is bordered by Kent to the north-east, West Sussex to the west, Surrey to the north-west, and the English Channel to the south. The largest settlement is the city of Brighton and Hove, and the county town is Lewes.
Brookfield Corporation is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$900 billion of assets under management in 2023. It focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity. The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield's headquarters are in Toronto.
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Selsey is a seaside town and civil parish, about eight miles (12 km) south of Chichester, in the Chichester district, in West Sussex, England. Selsey lies at the southernmost point of the Manhood Peninsula, almost cut off from mainland Sussex by the sea. It is bounded to the west by Bracklesham Bay, to the north by Broad Rife, to the east by Pagham Harbour and terminates in the south at Selsey Bill. There are significant rock formations beneath the sea off both of its coasts, named the Owers rocks and Mixon rocks. Coastal erosion has been an ever-present problem for Selsey. In 2011 the parish had a population of 10,737.
Eadberht of Selsey was an abbot of Selsey Abbey, later promoted to become the first Bishop of Selsey. He was consecrated sometime between 709 and 716, and died between 716 and 731. Wilfrid has occasionally been regarded as a previous bishop of the South Saxons, but this is an insertion of his name into the episcopal lists by later medieval writers, and Wilfrid was not considered the bishop during his lifetime or Bede's.
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Rogue Traders is a BBC One investigative/undercover consumer affairs television programme starring Matt Allwright, an investigative journalist, and Dan Penteado, a private investigator and Allwright's co-host. The show focuses on investigating and exposing the dubious work practices of tradespeople and businesses who have received complaints against them from their customers, often through the use of hidden cameras and rigged situations, sometimes sending members of the show's research team undercover to secretly record any training methods taught to a business' employees that is suspicious or unethical.
Selsey Bill is a headland into the English Channel on the south coast of England in the county of West Sussex.
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HomeServe is a British multinational home emergency repairs and improvements business based in Walsall, England. It operates in the United Kingdom, United States, Canada, France, Spain, Japan and Germany.
In January 2008, the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices. The bank states these positions were fraudulent transactions created by Jérôme Kerviel, a trader with the company. The police stated they lacked evidence to charge him with fraud and charged him with breach of trust and illegally accessing computers. Kerviel states his actions were known to his superiors and that the losses were caused by panic selling by the bank. Société Générale's own wrongs were later established by a French jurisdiction, which led the Cour de cassation to cancel the €4.9 billion sanction on Kerviel.
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Richard David Harpin is the founder and CEO of Homeserve, an international home repairs and improvements business.
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Mismarking in securities valuation takes place when the value that is assigned to securities does not reflect what the securities are actually worth, due to intentional fraudulent mispricing. Mismarking misleads investors and fund executives about how much the securities in a securities portfolio managed by a trader are worth, and thus misrepresents performance. When a trader engages in mismarking, it allows him to obtain a higher bonus from the financial firm for which he works, where his bonus is calculated by the performance of the securities portfolio that he is managing.