Non-motoring > Nominet Miscellaneous
Thread Author: MD Replies: 13
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New Sat 17 Dec 11 10:18 
 Nominet - MD
Do any of the panel know who funds this lot.
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New Sat 17 Dec 11 10:56 
 Nominet - Zero
>> Do any of the panel know who funds this lot.

The people who pay to register and maintain domain names. Be that individuals, companies, value added resellers,
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New Sat 17 Dec 11 10:58 
 Nominet - MD
Do you think that there may be 'bigger' money behind it at all? Can just those who pay to register etc. provide enough funds to finance it all?
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New Sat 17 Dec 11 11:03 
 Nominet - Iffy
A trawl through the 2010 accounts shows an income of about £20m from domain name registrations and subscription fees - presumably the annual fee a domain name holder pays to keep his '.co.uk' address.

Nominet is a not-for-profit company and distributions to members are banned.

They have an investment portfolio valued at about £27m - they spent £5m adding to it 2010.

The portfolio gave them another £400,000 income.

They also paid £5m in 2010 to the Nominet Trust - their own charity.

www.nominet.org.uk/

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New Sat 17 Dec 11 11:08 
 Nominet - MD
Thanks Iffy. Much appreciated.

Regards, Martin
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New Sat 17 Dec 11 11:24 
 Nominet - R.P.
I would imagine the overheads are pretty low, the sort of company one could run from Humph's shed...
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New Sat 17 Dec 11 11:31 
 Nominet - Iffy
...I would imagine the overheads are pretty low...

Spot on - they have more money coming in than they can shake a stick at and very low expenses.

Hence they have £5m spare to spend on the investment portfolio, and another £5m to give to charity.

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New Sat 17 Dec 11 11:34 
 Nominet - R.P.
I do some work for a similar organisation, despite their best efforts they've been running a surplus for the last couple of years which proves a little difficult to manage. Reminds me I'll have to put my mileage claims in !


I'm going to google Nominet now - probably based in a glass palace somewhere !
Last edited by: R.P. on Sat 17 Dec 11 at 11:35
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New Sat 17 Dec 11 11:38 
 Nominet - Iffy
Their address is a science park in Oxford.

Not the cheapest real estate, but not the dearest, either.

www.nominet.org.uk/about/contact/
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New Sat 17 Dec 11 11:39 
 Nominet - R.P.
tinyurl.com/bravs6n


A modest glass palace in Oxford.
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New Sat 17 Dec 11 11:40 
 Nominet - R.P.
Snap !
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New Sat 17 Dec 11 13:24 
 Nominet - Zero
>> I would imagine the overheads are pretty low, the sort of company one could run
>> from Humph's shed...

More to it than meets the eye, specially in the field of claim jumping and naming disputes! Its a responsible business, the right name is worth millions of squids to the right people.

I am curious why martin is curious tho....
Last edited by: Zero on Sat 17 Dec 11 at 13:26
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New Sat 17 Dec 11 14:34 
 Nominet - Fursty Ferret
>> Nominet is a not-for-profit company and distributions to members are banned.
>>
>>
>>

The occasional letter I get from them when a domain name is due to expire and promising a renewal for "just" £49 seems to stretch the definition of not-for-profit a bit.
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New Sat 17 Dec 11 14:41 
 Nominet - Iffy
...seems to stretch the definition of not-for-profit a bit...

The phrase is often used to describe this type of business, but doesn't mean literally what it says.

The company does run at a profit, but those profits cannot be distributed to shareholders.

Strictly, there aren't shareholders, just members.

The profits are accounted for - hence charitable donations and money spent on an investment portfolio.


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