August 29, 2016 2:24 PM ET

Professional Services

Company Overview of SimplyBiz Ltd

Company Overview

SimplyBiz Ltd. provides compliance support and business consultancy services to financial services, legal and workplace benefits professionals in the United Kingdom. It offers regulation, vision, business efficiency, personal development, and encouraging growth services. The company was founded in 2002 and is based in Huddersfield, United Kingdom.

The John Smith's Stadium

Stadium Way

Huddersfield,  HD1 6PG

United Kingdom

Founded in 2002

Phone:

44 14 8443 9100

Fax:

44 14 8443 9101

Key Executives for SimplyBiz Ltd

Group Managing Director
Founder, Chairman and Chairman of The New Model Business Academy
Joint Managing Director, Operations Director and Director
Chief Executive of New Model Business Academy
Group Member Services Director
Compensation as of Fiscal Year 2016.

SimplyBiz Ltd Key Developments

SimplyBiz Seeks Acquisitions

SimplyBiz Ltd is seeking acquisitions. Ken Davy, Founder, said we are not particularly interested in branching out into a new area, but if we can build or strengthen our current companies, we would be interested in making an acquisition. You can never guarantee that you will buy another business, but we are definitely looking for opportunities.

Simplybiz's Group Sales Director Steve Braidford Steps Down

SimplyBiz group sales director Steve Braidford has left the support service provider in order to concentrate on Sandringham Financial. Sandringham, which was launched in 2013 by SimplyBiz founder Ken Davy and backed by the support firm's other directors, has been overseen by Braidford since its inception. Braidford had until now maintained his two roles serving as both SimplzBiz's group sales director and Sandringham managing director. Previously, Braidford had led SimplyBiz's New Model Business Academy, but was replaced in the role by Lee Travis when he became managing director at Sandringham.

SimplyBiz Plugs Sale Plans; Looks For Other Options To Raise Funds

SimplyBiz PLC dropped plans to raise money for acquisitions through a stake sale or initial public offering (IPO). SimplyBiz's management team has decided to retain its equity and shareholding so will not look for an equity sale or float in the immediate future. Neil Stevens, Managing Director of SimplyBiz, said the firm had decided to retain independence rather than sell a stake in the business. Stevens said, "'We believe that given the extraordinary amount of change and opportunity currently available in the financial services sector that we are better able to serve our customers and clients as a totally independent business. Specifically as regards to an IPO, whilst we have not ruled it out completely at some time in the future we certainly would not anticipate such an event for at least a couple of years and probably longer. In pursuing our aspirations to grow the business we are exploring funding options that keep the management team and the shareholder base consistent."

Similar Private Companies By Industry

Company Name Region
1-1 Recruitment Limited Europe
1700 Group Plc Europe
1801 Group Ltd. Europe
247 Media Network Limited Europe
3 Verulam Building Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact SimplyBiz Ltd, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.