Simply Business pre-tax profit rises 8% to £2.89m
Turnover also rises by 16% to £29.1m for the year to the end of December 2014.
Xbridge, the online insurance broker for small businesses operating under the name of Simply Business, made a pre-tax profit of £2.89m for the year to the end of December 2014.
Accounts filed at Companies House show that represented an 8% increase from the £2.67m it posted for the previous 12-month period.
However the business's post-tax profit showed a 22% fall to £2.17m for its last financial year compared to the £2.78m it recorded in 2013.
Turnover rose by 16% in 2014 to £29.1m (2013: £25m)
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