Huddersfield rugby and football chairman Ken Davy had already sold one network of independent financial advisers (IFAs) for £75m when he founded Simply Biz in 2002. Providing compliance and business support services, including business development and regulatory advice, the company says it has more than 2,000 small to medium IFA firms as clients. In 2006 Standard Life took a 10% stake. Last year Simply Biz acquired two compliance service providers and this year it launched a non-profit business academy. Sales have grown 58% a year from £2.7m in 2004 to £10.7m in 2007.
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