SimplyBiz reports 13.7% revenue growth
By Martin GreenlandSimplyBiz Group has reported a 13.7% rise in revenue to £24.2m in a pre-close trading update for the six months ended 30th June 2018 (June 2017: £21.3m)
The group has seen its membership numbers increase by 5.7% to 3,628, compared with the 3,367 reported on 30th June 2017.
Matt Timmins, joint CEO at the SimplyBiz Group PLC (pictured above), said that it performed strongly in the first half of the year, maintaining its trading momentum and delivering results in line with management expectations.
“Our successful IPO in April 2018 has been very well received by our members and we have already witnessed positive commercial and reputational benefit.
“Our capital position and a highly fragmented marketplace offer us ongoing opportunities to build out our service offering, reinforce the strength of our organic growth platform and pursue selective acquisitions."
SimplyBiz will publish its half-year results on 11th September 2018.
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Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/simplybiz-reports-13-7-revenue-growth