SimplyBiz enjoys earnings leap as integration completes

SimplyBiz, the UK’s largest provider of compliance and business services to financial intermediaries, said the integration of Defaqto has been successfully completed.

Huddersfield-based SimplyBiz said the enlarged group now serves over 5,800 intermediary firms and over 350 financial institutions, significantly increasing the scale of the group.

In a trading update for the year to December 31, the firm said it delivered 24 per cent revenue growth and 50 per cent adjusted earnings growth.

SimplyBiz Group PLC (LON:SBIZ) provides compliance support and business consultancy services to financial services, legal and workplace benefits professionals in the United Kingdom.

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