Microlise sees profits soar as it hits acquisition trail

Microlise, the Nottingham-based provider of transport management software to fleet operators, has reported a rise in revenue and profits for the 12 months to June 30.

Turnover at the company rose by almost 14% to £57m, while profits were also up – from £700,000 last year to £2.2m this time around.

Nadeem Raza, chief Executive, 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.”