FREEAGENT, the listed accountancy software solutions firm, has reported a net loss of £1 million for the six months ended September 30.

The company said the reverse came amid investment aimed at boosting customers numbers and developing new products.

FreeAgent, which floated on the stock market around one-year ago, highlighted continuing growth in customer numbers. Accounting practice clients climbed to 37,600 from 29,485, with direct clients rising to 18,247 from 16,724.