It’s quite funny and depressing at the same time that ironbridge capital bought our bravura in May 2008 for 272 million - at 23.5m EBITDA. Now going for 150m in 2022 coming off the back of years at 40m+ ebitda.
I know covid + inflation has hit costs hard but it’s eye watering to see the business 14 years down the track somehow worse off in an industry that you would assume to be growing i.e more members now than ever and more funds flowing through super/advice etc.
Maybe I don’t understand the industry/business enough but one would hope this business transition to micro services/cloud will accelerate some sort of efficiencies going into the future.
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