Simply Business posts climbing profits for year before Travelers takeover
Parent company Xbridge also reports double digit turnover growth for 2016.
Xbridge, which trades as Simply Business, has reported profit after tax of £6.43m for the year ended 31 December 2016, a 53% rise on the previous year.
The figures in a filing at Companies House showed that the firm also delivered a 26% increase in turnover to £48.0m (2015: £38.1m).
Operating profit grew by 47% to £7.36m from £5.02m in 2015.
The average monthly number of employees rose to 340 from 316 in the prior 12 months.
Targets met
The strategic report section of the filing noted:
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