Husband and wife Derek and Edwina Lilley founded Fourth Hospitality in 1999 after running several restaurants in northwest England. The company provides web-based planning software for restaurants and hotels to manage staffing, invoicing and stock control. An iPhone app was launched in April and is offered to customers so that tasks like checking rotas can be done remotely. Chief executive Ben Hood has overseen sales growth of 61% a year from £2.4m in 2007 to £9.9m in 2010, and in March ECI Partners invested an undisclosed sum for a majority stake.
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