Support services provider SimplyBiz has swung deep into the red after writing down a loan to national advice firm Sandringham Financial Partners and suffering losses from its investment in employee benefits business Staffcare.
The firm reported a loss of £5.5m for 2014, compared to a £3.5m profit the previous year. Pushing it into the red was £7.2m related to ‘exceptional items' that were not incurred in 2013. Also SimplyBiz,...
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