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20/09/2005 - SimplyBiz Moves into Profit & Saves Members £10 Million

SimplyBiz PLC announces today that it has achieved pretax profits for the first six months of 2005 of £950,000. Commenting on the results Ken Davy, Chairman of SimplyBiz said "To be able to announce that we have achieved a significant level of profitability during the first half of what is only our third year of operation is really very encouraging. Especially when at the same time we know that SimplyBiz member firms are saving over £10 million a year in charges which they were previously paying to their network or service provider". Launched at the end of 2002 to provide high quality compliance for IFAs at an affordable price over 1,000 firms joined SimplyBiz in its first 2 1/2 years and membership has now grown to some 1,100 firms with over 2,200 advisers. Ken Davy added "What is particularly pleasing is the incredibly positive feedback we receive from the vast majority of our members. They clearly appreciate that we put them back in control of their own businesses, cash flow and clients, whilst ensuring they have the tools they need to be both compliant and successful".

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20/09/2005 - SimplyBiz Moves into Profit & Saves Members £10 Million