Tuesday, October 19, 2021

Pre-tax profits jump at Microlise

Pre tax profits are up by more than 200% at Microlise, the Nottingham-based provider of transport management software to fleet operators, according to results for the 12 months to 30 June 2021.

While revenue grew 13.9% to £57m at the firm, in comparison to £50m in the previous year, the business posted a profit before tax of £2.2m, up 214.4% from £0.7m last year.

Nadeem Raza, Chief Executive, Microlise, said: “We are proud of the Group’s financial performance in the last 12 months reflecting the strength of our long-term customer relationships and growing demand for our products.

“Our recent IPO provided us with the funds to deliver on our ambitious growth plans, including new product development as well as entering new geographies and markets where we see exciting opportunities.

“With our award-winning end to end platform, leading position in the UK, and growing international presence, we are well positioned to complement organic growth with value-accretive acquisitions.”

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