Fast Track 100

Sports Enthusiast Ken Davy founded Simply Biz in 2002 to provide compliance and business support services to small and medium-sized independent financial advisory (IFA) firms. Davy had already set up and run an IFA network, floating it in 1997 and then selling it to software group Misys for a reported £75m. Simply Biz has grown organically by signing up almost 2,000 firms as clients, and sales have grown 175% a year from an annualised £359,000 in 2003 to £7.5m in 2006. Last autumn Standard Life took a 10% stake in the Huddersfield firm, which bought two compliance service providers in 2007.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanySimply Biz
ActivitySupport services provider
Annual sales rise over 3 years175.34%
Latest sales £000s7,483

If applicable:

* supplied by company † annualised figure