Simply Business parent company reports rising turnover

Cash

Xbridge, which trades under the name Simply Business, delivered a 10% rise in turnover to £25.1m in 2013 as pre-tax profit increased to £2.68m (2012: £2.17m).

However the firm noted that the profit figure had been boosted by £900,000 due to the sale of the remainder of the company's lending business.

Xbridge's post tax profit for the year ended 31 December 2013 came in at £2.79m, up 56% on the £1.78m achieved in 2012.

In its results filed at Companies House the firm put the increase in turnover

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