PayPoint has won the prestigious New Company of the Year award in the PLC Awards, sponsored by PricewaterhouseCoopers in association with the London Stock Exchange and the Financial Times.

The leading branded payment collection network was picked as the winner for demonstrating both growth and management qualities and for being “a formidable growth company in the making.”

Dominic Taylor, Chief Executive of PayPoint, said: “PayPoint is delighted to have won this major award, which is a tribute not just to the company’s growth potential but all the hard work put in by staff.”

The competition, which has been running since the 1980s, is designed to reward excellence in the smaller quoted sector. To qualify, companies must be listed on the main market and not be large enough to qualify for the FTSE 100 or 250 indices.

Readers of the Financial Times were able to vote for nominees and their views were given a 50 per cent weighting,  equal to that of the panel. Nominations were made some months ago and a panel comprising representatives of the sponsors, fund managers and analysts reduced nominations to a shortlist of four in each category.

The awards were presented at a dinner on March 10.

Enquiries:
Finsbury  020 7251 3801
Rollo Head
Don Hunter

This announcement is available on the PayPoint plc website: www.paypoint.com.

About PayPoint
PayPoint is a leading branded payment collection network used, primarily, for the cash payment of bills and services and prepayments for mobile telephones and energy meters. There are over 12,000 retail outlets using PayPoint’s payment terminals.

PayPoint began trading in 1996 and initially collected payments through its network of retail agents for its founder client investors, who included British Gas, BT, BBC TV Licensing, London Electricity (now part of EDF Energy) and four water companies.

It now has more than 400 clients including many of the UK and Ireland’s major energy, cable, mobile and fixed line telephony companies. Its blue chip client list also extends to numerous water companies, local authorities and housing associations and a growing transport and travel base.