View more on these topics

SimplyBiz mulls flotation or sale of business stake

SimplyBiz is considering floating the business on the Alternative Investment Market or selling a stake in the firm.

The compliance and support services firm says it is working with corporate finance adviser BDO to consider its future options.

It says these may include an IPO or the sale of a stake in the business to a trade buyer or private equity fund.

SimplyBiz says: “The board believe that now is the right time to consider the next stage in the company’s development. There are no plans for the management team to change and Ken Davy will remain as chairman of the business.”

The firm posted a £3.4m pre-tax profit for 2013, up 16 per cent on the previous year.

In the past 12 months it has bought property valuation firm Home Information Group, wills and probate advice firm APS Legal & Associates, and benefits and auto-enrolment software business Staffcare.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm