The SimplyBiz Group saw an 8.5% rise in membership levels over the 12 months to 31 December 2018 - from 3,433 firms to 3,726 - according to its full-year results.
Reporting on a year that saw it float on the Alternative Investment Market (AIM), raising £30m, the compliance and business services provider also revealed operating profit of £6.8m - down from £8.8m at the end of 2017 - after charging "IPO-related costs" of £3.6m. Other financial highlights for the winner of the Best Support Services for Advisers accolade at the 2019 Professional Adviser Awards, included a 15% rise in group revenue from £44.1m in 2017 to £50.7m in 2018 and a 19.7% rise in adjusted earnings before interest, tax, depreciation, amortisation, operating exceptional costs and...
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