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Company Description:

Ten, founded in 1998, is a leading technology-enabled lifestyle and travel platform providing trusted concierge services to the world’s wealthy, from the mass affluent through to HNWIs. Ten’s business focuses predominantly on a corporate client model that includes private banks, retail banks, premium payment cards providers and luxury brands that provide Ten’s services to segments of their premium individual customers, who then become Ten members.

Ten assists its members to discover, organise and book travel, dining and live entertainment, seeking to save them both time and money. Through Ten’s service proposition, members can achieve superior access, experiences and outcomes, more cost-effectively and conveniently, than they could have achieved on their own. Ten’s service is delivered through a combination of Ten’s proprietary technology platform and the expertise of its Lifestyle Managers. As a result of making arrangements on behalf of its combined membership base of wealthy individuals, Ten has access to better rates and/or enhanced benefits from its suppliers compared to other existing service providers, both online and offline.

The majority of the Group’s revenue derives from service fees that are paid by its corporate clients, under contracts typically of a multi-year duration of three years or more. Ten does not typically take a margin on the goods and services it delivers to its members; this provides a competitive pricing advantage over traditional service providers, such as ticket sellers or travel agents, who do typically add or make a margin. The Directors believe that member satisfaction and the resulting impact of improving those members’ brand affinity for Ten’s corporate clients, drives Ten’s long-term success.

Active: Trading


List date: 22nd November 2017 00:00


Nominated Advisor:

Jefferies International Limited


Jefferies International Limited

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