Tech Track 100

FreeAgent’s online accountancy software is designed specifically for small businesses and freelancers. The Edinburgh company was set up in 2007 by Ed Molyneux, 44, Olly Headey, 40, and Roan Lavery, 38, after they recognised a need for simple, hassle-free bookkeeping. FreeAgent now has 36,000 customers worldwide and sales of £3.2m, with £5m forecast for next year. It has raised about £5m in growth capital from investors including software firm IRIS and venture capitalist Robin Klein.

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Company details
ActivityOnline accounting software developer
Latest sales £000s3,170

If applicable:

* Sales and forecast sales provided by the companies
† Net sales