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Birmingham Post
Birmingham Post
Business
Jon Robinson

How much of THG does Matthew Moulding own and what is his net worth?

Matthew Moulding is one of the most successful business people in the North West, having co-founded and led THG since 2004.

The entrepreneur cut his teeth working for Caudwell Group, which included the now-defunct mobile phone retailer Phones4U.

Then called The Hut Group, the company floated on the London Stock Exchange in 2020 and was valued at £5.4bn.

READ MORE: THG board 'unanimously rejects' £2bn bid as property tycoon Nick Candy mulls £1.4bn offer

However, the group's fortunes have taken a turn for the worst in recent years, with its share price being slashed and its market capitalisation now just over £1.4bn.

Following the float, Mr Moulding now owns c.22% of the company and also has the power to veto any possible takeover deals.

The second largest shareholder in THG, Sofina SA (Private Equity), has a 9% stake while Balderton Capital (UK) LLP is in third with a holding of 7.94%.

Other major investors include Jupiter Asset Management Ltd (7.82%), SoftBank Group Corp (6.6%) and BlackRock Investment Management (UK) Ltd (4.53%).

According to the latest Sunday Times Rich List, Mr Moulding and his wife Jodie have seen their fortune plummet to £700m from £2.1bn a year ago.

The fall is mainly because of the sharp decline in THG's share price which stood at just over £600p each a year ago but is now at 108p.

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