ITRS named in UK’s Hot 100

London - 6 July 2009

The fifth Lloyds Development Capital (LDC) Hot 100 has now been announced. The line-up is a listing of the UK’s fastest growing privately owned companies across all business sectors. In recognition of its growth and success ITRS Group plc has been included in this year’s listing. ITRS is the leading global provider of management and monitoring tools for the world’s financial community. It is the only financial technology specialist included in the list of 100 companies and is one of only five technology companies in the list this year. The full Hot 100 league table including analysis and interviews is featured in the May edition of Real Business magazine.

Darryl Eales, chief executive of LDC, the private equity company that sponsors the Hot 100 commented: “It will be interesting to see how these companies fare over the next 12 months.”

On hearing that ITRS was listed this year Stephen Bates, ITRS Group CEO, commented: “Darryl Eales makes a very good point; fortunately ITRS is in the highly unusual position of being in demand during both good times and bad. In a high-growth environment people need our product to make sure that their trading systems are working properly. In a tight market people buy it because it minimises risk and increases efficiencies.” He adds: “Being listed in the Hot 100 is marvellous news. We are achieving impressive levels of growth during a difficult time, which is a clear endorsement of our product and our people. We want to further develop the existing product – and expand our customer base. The majority of our new customers come via recommendation and this year has been a record year in terms of business - in the last year we have achieved a 65% increase in turnover with a corresponding increase in profitability. Though it’s difficult to predict growth at times such as these our pipeline is looking good.”

Real Business is Britain’s best-known entrepreneurial publication for owner/managers of growing businesses. Each year the magazine publishes the LDC Hot 100 listing of the fastest-growing private companies in the UK with a minimum annual turnover of £5m. The Hot 100 profile describes ITRS as a rare company, “one that lends itself to a booming financial market and to a downturn.“

Stephen Bates concludes: “Our ranking in the Hot 100 this year is based on the four most recent years of trading during which our growth averaged over 30% per year. The accounting period which has just closed has produced 65% growth, so I’m confident that next year we will rise up the Hot 100 table.”

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