Company Information

SimplyBiz is an independent provider of compliance and business services to financial advisers and institutions across the UK. With over 3,400 member firms, SimplyBiz also enables financial institutions to more effectively market and distribute their products to end retail customers via access to its membership.

Terms of the Deal

SimplyBiz was admitted to London’s Alternative Investment Market (AIM) on 5 April 2018, with a market capitalisation of £130m. This includes a £64.8m fundraise. Zeus Capital acted as nominated adviser and sole broker on the transaction.

Market Opportunity

Through its effective delivery channel of 3,400 members, SimplyBiz has a platform capable of significant expansion. Due to the highly fragmented nature of the adviser market, distribution is often an issue for financial product providers – a problem that SimplyBiz solves. It also has generated a high level of recurring revenues, accounting for more than 90 per cent of total turnover in FY 2017.

Matt Timmins, joint chief executive officer at SimplyBiz, commented: “Our business has evolved significantly since 2002 and we are now the UK’s leading provider of compliance and business services to directly authorised financial advisers. Through our entrepreneurial culture and clarity of strategic vision, we have become a disruptive force in financial intermediation, building a membership base of over 3,400 adviser firms and associated proprietary network of 135 financial institutions.

Our business is underpinned by strong structural growth drivers and benefits from a highly visible earnings stream. We are well placed to deliver ongoing margin expansion and profitability, and look forward to continuing to deliver for our shareholders post-IPO.”

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