Simply Business operating profit soars almost 90% in 2024
Xbridge, which trades as Simply Business, increased operating profit to £45.91m for the year ended 31 December 2024, up almost 90% from the previous year.
Profit after tax also jumped year-on-year, by 75% to £36.54m.
According to a filing at Companies House, revenue grew from £169.39m in 2023 to £197.02m.
The online broker for SMEs and landlords reported headcount remained steady, falling slightly by 10 people to 746.
RelatedSimply Business boosts profit 42% in 2023Xbridge, which trades as Simply Business, achieved double-digit profit and revenue growth in 2023.
Simply Business was bought by Travelers in 2017.
As previously reported, Simply Business
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