Class acquires Topdocs
Specialist self-managed superannuation funds and wealth technology solutions business, Class has announced its acquisition of Topdocs.
The company announced the Topdocs acquisition move at the same time as releasing its results to the Australian Securities Exchange (ASX) revealing record operating revenue of $54.9 million and a 15% increase in underlying earnings before interest, tax depreciation and amortisation of $21.9 million.
The company noted that its acquisition of Topdocs followed on from last year’s acquisition of NowInfinity and claimed that the company now had now become the clear market leader in the corporate compliance sector.
It said that following the Topdocs acquisition, Class now had more than 7,700 customers and trusted relationships with 81 of the top 100 Australian accounting firms.
The directors announced a fully franked dividend for the second half of 2.5 cents per share.
Commenting on the result, Class chief executive, Andrew Russell said it had delivered significant growth over the past two years and was on track with its transformation program.
For our two adviser practice we have all the costs listed plus at least one FTE costing another $70k plus…
It's perverse and sick. Bleeding the private advisers who want to help clients WITHOUT product ties, by consumer groups co-funded…
Talk about fees for no service, these parasites will kill the profession after hosting on us till they die of…
85% increase in freaking Govt Red Tape in the last 15 years. And somehow the clown show in Canberra have…
This article covers some of the financial costs. I believe the useless red-tape the government (and their bureaucrats) have imposed…